Enduring Power of Attorney Lawyers

An Enduring Power of Attorney is a legal document that allows someone you trust to make decisions for you after the person who granted it has lost mental ability.Making an Enduring Power of Attorney is a vital aspect of your long-term preparation.

An Enduring Power of Attorney delegates authority to someone you trust to make significant financial, property, and personal decisions on your behalf. The following are some of the usual tasks that your designated person may perform on your behalf:

  • Keeping track of your finances and bank accounts
  • Settling your bills
  • Taking care of your home, selling it, or perhaps renting it out
  • Locating a new, more suitable residence for you
  • Signing authority to a few documents

If you ever find yourself in a situation where you can no longer make or understand your own decisions, this person’s authority endures/continues. This could happen if you’ve been in a mishap, become ill, or are just out of the country orwhen you are out of reach.

If you want the same or another person to make choices regarding your medical treatment, you’ll need to write a separate document. Although the name of the form varies by state, the functions are similar to those of a Medical Treatment Decision Maker.You need to be the following to make a legally binding Power of Attorney document:

  • 18 or over the age of 18
  • Having a healthy and competent mind.

This implies you must complete (and have validated) this document before you lose your mental power. It’s also vital to note that you can only give yourself enduring powers.

What power does an Enduring Power of Attorney have?

An Enduring Power of Attorney gives a person you trust the power to make important financial, property and some personal decisions for you. A few of the common duties your chosen person may carry out on your behalf include:

  • managing your money and bank accounts
  • paying your bills
  • managing, selling or renting out your home
  • finding you a new, more appropriate home
  • signing certain documents.

This person’s power endures/continues if you are ever in the position where you can suddenly no longer make or understand your own decisions. This might be after you’ve been in an accident, you’ve fallen ill or even if you are just overseas or can’t be reached.

You need to create a separate document if you want the same or another person to make decisions about your medical treatment. The form’s name differs between each state, but the roles have similarities to those of a Medical Treatment Decision Maker.

Our expert lawyers can prepare your Enduring Power of Attorney document for you, providing you with the best advice to ensure your decision is legally sound and expresses your wishes. Note that we currently only provide this service in VIC.

Who can appoint an Enduring Power of Attorney?

To create a legally binding Power of Attorney document you must be:

  • 18 years old or over
  • of sound and capable mind.

This means that you must complete this document (and have it witnessed) while you are competent and able to understand what you are doing. In other words, before you lose mental capacity. Plus, it’s important to know that you can only appoint enduring powers for yourself.

If you run out of time and lose capacity before you get around to appointing your own attorney, one of two things can happen to ensure your best interests and human rights are protected:

  1. Your spouse or close family member can apply to the Guardianship Tribunal, or equivalent, in your state to become your financial decision maker.
  1. The Guardianship Tribunal will choose a guardian or administrator if they don’t think your family member is fit to take on this role.

The top 3 considerations when appointing your attorney

Completing the official form is the simplest part of this entire process. The important, and more time-consuming considerations for appointing an Enduring Power of Attorney are:

    1. Choosing who your attorney/s will be
      Choose someone you trust and know will act in your best interests, understand your views and carry out your wishes. Your chosen person can be any competent adult who is over the age of 18 and able and willing to act on your behalf.

 

  1. When they get power
    You choose whether your attorney can gain authority as soon as you complete your form or only if and when you lose mental capacity.Regardless of when this person’s power begins, you will always continue to make your own decisions while you have full mental capacity.
  1. What they will have authority over
    You can include a set list of conditions or restrictions that you want your attorney to abide by. It’s extremely important that you fill this section out properly.Our lawyers can help you word this section of the Enduring Power of Attorney form in a way that ensures your attorney has to follow your wishes when you can’t be there. Filling out this section incorrectly might also prevent your attorney from doing their job efficiently.

Can an Enduring Power of Attorney be revoked?

You can also revoke an Enduring Power of Attorney whenever you like as long as you are still mentally fit to do so.

What may seem complicated and confusing to you is bread and butter to our trained team. Let us take any further stress out of the situation. Our lawyers will guide you through the entire process of appointing an Enduring Power of Attorney. Your needs are our absolute focus.

Is there a difference between Enduring and General Power of Attorney?

There sure is. The main difference between the two is when and how long the attorney’s power stands.

A General Power of Attorney document means that a person can make your financial decisions while you have full mental capacity. If your mental capacity goes downhill, and you can no longer make or understand your own decisions, only an Enduring Power of Attorney will be legally valid.

How can a lawyer help you with appointing this attorney?

The Enduring Power of Attorney document is one of the most crucial and risky documents you create. Your entire estate or outcome of your life’s work and effort could fall into the hands of the person (or people) you nominate as your attorney.

So while you can complete this document yourself without any legal advice, you have a tonne to gain from working with an experienced lawyer.

Your lawyer from Taxcellent Consulting Services will put your unique values and wishes as top priority. We take the time to explain every available option you have when completing this form and will help make sure you take the best and smartest decisions for your situation.

We will also ensure that:

  • You understand every possible outcome from giving someone power over your financial and property decisions.
  • You include (and exclude) the correct vocabulary that ensures your wishes are clear and will be followed in your absence without question.
  • There is no ambiguity in your document that your family, close relatives or the court could argue over or challenge.
  • Your final document is properly witnessed.

If you have any questions about power of attorney, or if you need help resolving a Will, trust or estate-related matter, get in touch with us today. We can take your call 24/7 and we’re ready to work with you right away.

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