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Enduring Power of Attorney

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Power of attorney document

Appointing an enduring power of attorney isn't just something you should consider later in life. 

No matter your age, an unfortunate event could happen at any moment that might leave you unable to manage your own financial affairs. Whether it be dementia or another illness, accident or injury, there are many scenarios where having an enduring power of attorney in place could save you and your family/caregivers a lot of strife during an already difficult & vulnerable time. 

It's important to make sure the person you appoint is someone you trust to keep your best interests at heart at all times. You may already have family members, your partner, or a friend set up as an Authority to Operate on your account but remember, this authority ceases as soon as you do not have the mental capacity to manage your own affairs. (The same goes for a standard power of attorney - an enduring power of attorney is the only kind that continues after you no longer have the capacity to manage your own financial affairs)

We strongly recommend seeking legal advice to find out how to appoint an enduring power of attorney.

There is plenty of information available online. The process differs from state to state so make sure you check your relevant State Trustee's website for the correct information.

State Link
NSW NSW Trustee & Guardian
VIC State Trustees
QLD Public Trustee of Queensland
WA Public Trustee for Western Australia
SA Public Trustee for South Australia
TAS Public Trustee for Tasmania
ACT Public Trustee for the ACT
NT The Public Trustee for the Northern Territory

This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making any decision based on this information, you should assess your own circumstances and seek legal advice.

Enquire Call 02 9859 0585