The idea of mirror wills is simple. A couple leaves everything to each other. Then, they believe, their estate will benefit both of them for life, and their children after that. The bad news is such a simple idea can backfire badly, utterly destroying the best of intentions.
The idea of Lasting Powers of Attorney is a simple one. While we still have full mental capacity we legally appoint trusted others to make future decisions on our behalf about our finances and health & wellbeing when we’re not able to as a result of injury or illness. The question is, at what point in life should we be appointing these trusted others?