When it comes to appointing someone to make decisions on your behalf, the person you choose should be someone that you trust and feel comfortable with. It is essential to have a thorough discussion with your chosen attorney to ensure they are aware of your wishes in advance. It may also be wise to appoint a backup power of attorney, just in case your first choice is unable to fulfill the role for any reason. There are a few general guidelines to follow when choosing someone to act as your attorney.
Firstly, they must be at least 18 years old. Additionally, they should have a good understanding of what the appointment entails, and they should possess the ability to look after your financial affairs in your best interests. By following these guidelines and having a detailed discussion with your chosen attorney, you can feel confident that your affairs will be well taken care of.
A Power of Attorney is a crucial legal document that can provide immense peace of mind during challenging times. It allows an individual to appoint another trusted person to make financial and legal decisions on their behalf in the event of temporary or permanent incapacity due to illness, injury, or disability. Similarly, it can be helpful when someone has to go overseas for an extended period of time and needs someone to manage their affairs while away.
If you are seeking to appoint an attorney to look after your finances, Hills Solicitors can provide the necessary guidance. Our team can also assist you in discovering the most optimal way to structure your affairs to protect your interests. Furthermore, we can help you prepare a Will and an Enduring Guardian nomination to ensure that all your bases are covered. Rest assured that with our knowledgeable assistance, you can have peace of mind knowing that your affairs will be managed efficiently and with your best interests in mind.
You may also wish to consider appointing an attorney if you are writing a Will. This is because it will allow you to nominate someone or several people to manage your finances if you are no longer able to do so by yourself.
In the event you do not have a power of attorney and can no longer look after your financial affairs, the Guardianship and Administration Tribunal may elect someone to act on your behalf. This can be a time consuming process and can create unwanted stress for your family.
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