A Power of Attorney is a legal document, which ensures that someone you trust will manage your affairs
if you can no longer manage them yourself.
You can appoint either trusted family members, friends or a professional trustee, to act as your Attorney.
Your Attorney must always be available to act in your best interests, must be reliable and capable of managing every aspect of your financial affairs.
An Enduring Power of Attorney will prevent Government intervention should you suffer from an accident, illness or loss of mental capacity.
An Enduring Power of Attorney is an important element of your estate planning. It allows you to make a choice in advance as to whom you will trust to protect you and your wealth if you are no longer able to manage your affairs.
Medical Powers of Attorney and Living Wills
Accident and illness can prevent you from making important medical and life decisions. Foreseeing this possibility, increasing numbers of clients are looking to provide for this contingency by appointing a trusted person to make these types of decisions at the relevant time.
(The above information has been sourced from Australian Executor Trustees Limited)