Appointment of an Attorney under a Power of Attorney (and appointment of a Guardian) is a very important component of any estate planning exercise. Appointment of an Attorney may, for example, be critical in the event of any accident or illness causing you to lose capacity to manage your own financial affairs.
An Attorney may be appointed for a specific period of time and the Power of Attorney may be revoked at any time.
An Enduring Power or Attorney allows your Attorney to manage your financial affairs if you are unable to or if you have lost capacity to make important financial decisions for yourself. Your Attorney should someone you know and trust to make decisions on your behalf and in your best interests.
Contact our team at Catron Simmons Lawyers for professional help in drafting, executing and safe storage of a valid Power of Attorney tailored to meet your specific needs.
There are many reasons to consider using a Power of Attorney including but not limited to:
- free from the demands of financial paperwork and record keeping
- going to be overseas or around Australia and don’t want to or will be unable to deal with day to day affairs
- feel overwhelmed with the responsibility of managing your affairs
- are no longer capable of managing your own affairs.
There are two types of Power of Attorney’s
- Future Assist
This is a general Power of Attorney should something unforeseen occur such as a car accident that leaves you unable to take care of your own matters.
- Active Assist
This is a Power of Attorney authority where you choose the level of assistance you may need. For instance, payment of bills, collection or management or certain monies etc.
Appointment of an Enduring Guardian (and appointment of an Attorney) is a very important component of any estate planning exercise. Appointment of an Enduring Guardian may, for example, be critical to your health and wellbeing in the latter years of your life or if you lose capacity to make important decision about your own health and wellbeing.
Your Guardian should be someone you know and trust and someone who understands your wishes when it comes to making important decisions about your health and wellbeing.
Contact our team at Catron Simmons Lawyers for professional help in drafting, executing and safe storage of a valid Enduring Guardian tailored to meet your specific requirements.