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A Power of Attorney is essentially an authority conferred on an agent to manage the financial affairs of another person. A Power of Attorney refers to the ‘unilateral grant of authority’ by a person for someone else to act on their behalf.

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Types of Power of Attorney

[/et_pb_text][et_pb_text _builder_version=”4.5.1″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]The two main types of Power of attorney are ‘general’ and ‘enduring’.

A General Power of Attorney is used where the authority is granted for a particular period of time or for a particular purpose and expires on a prescribed date or the Donor revokes the attorney.

An Enduring Power of Attorney is a legal agreement that enables a person to appoint a trusted person or persons to make financial and/or property decisions on their behalf. The benefit of an enduring power of attorney is that unlike an ordinary power of attorney, it will continue to operate even if the donor loses full legal capacity.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row admin_label=”Row” _builder_version=”4.4.8″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” custom_margin=”0px|0px|0px|0px|true|false” custom_padding=”||0px||false|false” locked=”off”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Estate Planning Services — Having the Last Word” _builder_version=”4.5.6″ header_2_text_color=”#ffffff” header_2_font_size=”32px” header_2_line_height=”1.5em” background_color=”#6364AC” custom_margin=”|0px||0px|true|true” custom_padding=”|20px||20px|false|true”]

Estate Planning Services — Having the Last Word

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Our Estate Plan Package includes:

  • an Enduring Power of Attorney (so someone can make financial and personal decisions on your behalf if you can’t);
  • an Enduring Power of Guardianship (so someone can make medical and lifestyle decisions on your behalf if you can’t)
  • an Advance Care Directive (giving instructions about the future medical treatment you consent to or refuse, and documenting your preferences for medical treatment)
  • advice on how to complete your Binding Death Benefit Nomination (to make sure your superannuation or self-managed superannuation goes to who you want).
  • and a Will.
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More Information

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Enduring Power of Attorney, Enduring Power of Guardianship, and Advanced Health Directive

Do you need an Enduring Power of Guardianship?

Do you need an Advanced Health Directive?

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Click below to see how we can help you

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