David is a new client and, as requested, has brought copies of his financial documents and his will to the first meeting with you. At an appropriate point in the meeting, you ask to examine his will and you notice that it is a 'kit' will. You notice that there are two witnesses to David's signatures and you enquire who the witnesses are. He tells you that one witness is his neighbour and the other is his sister, Helen. David is a bachelor and his will leaves all of his quite modest estate to his only sibling. Helen. Given David's limited asset position, what do you think about his will? Question 2 Explain the purpose of a Power of Attorney including the difference between a general and enduring power of attorney. Case Study ESTATE PLANNING CASE STUDY-Week 9 Your clients, Peter Lee and Karen Low Your new clients, Peter Lee and Karen Low have come to you for some general advice on what to do with their assets and savings in the event of death or relationship breakdown. Peter is also keen to know what might happen to his businesses if he is unable to work. Required 1. Prepare a list of the issues raised in this case study that impact on the drafting of a will; 2. Discuss the nature of the advice that you would give to your clients when there are two blended families; 3. Is Peter free to leave any of his children out of the will or would the provisions of the Testators Family Maintenance Act be of concern? 4. Should Peter and Karen have a power of attorney each?