An Enduring Power of Attorney is a document where you may appoint an Attorney to make decisions about financial matters or personal matters (including health matters), during your lifetime. It is important that you appoint a person/s to act as Attorney to manage your affairs.
It is not uncommon for an Enduring Power of Attorney to provide unlimited power to an Attorney to make financial decisions. That is, your attorney can do anything you can do. However, you may prefer to specify or limit your Attorney’s power to make certain financial decisions. For example, you may wish that the Attorney’s power to be limited to the occurrence of an event (only where you no longer have capacity as determined by a medical practitioner to make decisions) or have restrictions on the types of decisions an Attorney may make (eg: restricted from selling any real estate, restricted from making a Binding Death Nomination in respect of superannuation).
We offer a fixed fee service for the preparation of an Enduring Power of Attorney. We welcome you to contact our office to arrange an appointment to discuss your estate planning affairs on (07) 3278 1888.