An Enduring Power of Attorney covers your financial matters while you are alive, whereas your Will addresses your assets, liabilities, and how the remainder of your estate will be distributed to beneficiaries after your passing.
Locating a Will after the passing of a loved one can be challenging, particularly if the individual did not disclose its whereabouts.
Generally, Capital Gains Tax (CGT) does not apply when you inherit an asset from a deceased estate. However, CGT may be applicable if you, or you as the trustee of the deceased estate, sell an inherited asset.