Power of Attorney

Everything you need to know about a Power of Attorney.

A Power of Attorney is an important document that many Australian’s forget to make. Many people prepare a Will but don’t think about creating a Power of Attorney document until it is too late. A Power of Attorney is a flexible document that allows you to do a number of things. The most common use of a Power of Attorney is to appoint someone you trust to manage your financial and legal affairs while you are alive. You may want to do this because you are overseas or interstate. You may also want to do this in the event you are no longer able to manage your own affairs due to mental incapacitation.

 

A Power of Attorney is a flexible document that allows you to do a number of things. The most common use of a Power of Attorney is to appoint someone you trust to manage your financial and legal affairs while you are alive. You may want to do this because you are overseas or interstate. You may also want to do this in the event you are no longer able to manage your own affairs due to mental incapacitation.

 

This person or organisation you have appointed is then called your attorney.

 

Your attorney can sign legally binding documents on your behalf. You may, for instance, be travelling overseas and want to give your attorney access to your bank accounts to pay your bills or manage your finances. Alternatively, it can be useful to have a Power of Attorney if you become unwell or lose the ability to make decisions for yourself and are no longer able to manage your financial affairs.

 

You may want to use this document if you are travelling overseas and want to give your attorney access to your bank accounts to pay your bills or manage your finances. Alternatively, it can be useful to have a Power of Attorney if you become unwell or lose the ability to make decisions for yourself and are no longer able to manage your financial affairs.

 

Making a Power of Attorney does not mean that you will lose control over your financial affairs. It simply gives your attorney formal authority to manage your financial affairs according to your instructions.

 

Due to the nature of this document, it is important that you choose your attorney carefully. You need to be able to trust your attorney and that they have the ability to manage your finances and will act in your best interests.


I don’t trust words. I trust action.

Just try us. We guarantee you’ll know straight away.

 
 


I don’t trust words. I trust action.

Just try us. We guarantee you’ll know straight away.