An enduring power of attorney is a legal document created to allow a person to appoint another person or agency of their choice, who will make financial and/or property decisions on their behalf. This person or agency becomes their attorney.An enduring power of attorney can only be made by a person while they are still capable of making financial and legal decisions for themselves.
Types of Attorneys
- A sole attorney is one person appointed as the attorney.
- Joint attorneys are two people appointed as attorney, who must act together and agree on the decisions that are made.
- Joint and several attorneys are two people appointed as attorney, who can make decisions together or independently.
Why create a Enduring Power of Attorney?
By appointing an attorney, property and financial affairs can continue to be managed in the persons best interests, even if they become unable to manage them themselves.
Kavanagh Family Lawyers can help
Who you appoint as your attorney is a very important decision. This person will be responsible for managing your financial security and therefore the decisions this person makes, can have a significant influence on your lifestyle. Kavanagh Family Lawyers have extensive experience in Enduring Power of Attorney and can offer advice to help you with this decision and provide the procedures to act upon it.
- Call Kavanagh Family Lawyers on (08) 6557 5888 to speak to our lawyers.