|
|
|
|
|
|
A way to plan for your future is to make an enduring Power of Attorney.
A Power of Attorney allows another person to operate and manage your financial affairs if you become incapacitated or if you are holidaying overseas.
An attorney appointed under an enduring Power of Attorney can make financial decisions on your behalf, for example disposing of assets, such as a house, or operating your bank account.
If you do not have the capacity to make these decisions you can appoint someone you trust to make them for you.
You can also appoint your Power of Attorney to financially look after those loved ones who are still dependent on you and even appoint them to continue buying Christmas and birthday presents for those close to you.
Your attorney is limited to use your finances for as much or as little as you want. It's your decision.
The NSW Legislation governing enduring Powers of Attorney is the Powers of Attorney Act 2003.
Other states and territories of Australia have their own legislation governing enduring Powers of Attorney.
The Powers of Attorney Act 2003 came into force in February 2004. It made some important changes to the law about Powers of Attorney, particulary enduing Powers of Attorney.
Lawlers Solicitors and Conveyancers offer fixed price Powers of Attorney. We also offer a "package deal" when you instruct us to draft a Will, Power of Attorney and Enduring Guardian.
Please contact us for more information or to arrange a consultation with an experienced solicitor.
|
|
|
|