Power of Attorney
What is a Power of Attorney?
A Power of Attorney is a document whereby you appoint a person(s) to do anything you could do in relation to any of your financial affairs, including land.
The benefit of a Power of Attorney being in place is that it provides security for your future and the future of your family to be able to make financial decisions on your behalf.
What happens if I don’t have a Power of Attorney?
If you don’t have a Power of Attorney and you are unable to manage your affairs, then an Application will have to be made to the Courts to have a Legal Guardian appointed for you. This will often be the Public Trustee. This can be an emotional and financial burden at this already difficult time.
When does a Power of Attorney become operative?
There are two ways in which a Power of Attorney can be prepared.
It can either be effective immediately after it is signed. Or, it can only become effective after you become unable to manage your own affairs.
There are advantages and disadvantages for each choice. We can discuss this with you in relation to your personal circumstance.
Who do I appoint as my Power of Attorney?
You should always appoint either a trusted family member or trusted close friend. It is a very powerful document and you need to remember that your Attorney will be able to do anything you can do.
When does a Power of Attorney Stop?
A Power of Attorney stops being effective upon death. Upon death, your Will takes over and then the Executor of your Will takes over management of your Estate.
Will prices
- Standard Will single $275.00
- Standard Will couple $495.00
Power of Attorney prices
- Power of Attorney single $165.00
- Power of Attorney couple $275.00
10% discount applies to Pensioners
All prices inclusive of GST
