As important as it is to make a will, a Power of Attorney is a very important life planning document. A Will is prepared by many individuals without giving the same thought to a power of attorney until it’s too late. Appointing an attorney gives your attorney the legal authority to look after your financial affairs on your own behalf.
You are able to make an attorney to act in a variety of circumstances such as a prolonged interstate or foreign excursion for you, or if you are no longer in a position to handle your affairs. As your lawyers we can enable you to identify the type of power of attorney which suits your requirements. The basic purpose of the power of attorney is to appoint a fair, independent and skilled asset manager to manage your financial affairs.
You will find many reasons to think about creating a Power of Attorney:
– You may want to be free of the day to day demands of fiscal paperwork and records
– You may want to place funds in a secure account with interest computed daily and adaptable access;
– You might be going overseas or around Australia and don’t desire to deal with these matters while you are away;
– You may well not want to load friend or a relative with the duty of looking after your financial affairs;
– You might discover the demands of financial management have become too much for you to manage by yourself.