There is security in knowing that someone appointed by you will look after your financial and legal affairs if you are unable to do so yourself through injury or illness, or if you are overseas. If you do not have a Power of Attorney, the decision as to who will manage your financial and legal affairs may well be taken from you and exercised by the NSW Civil and Administrative Tribunal. That may mean the appointment of someone you do not want as your financial manager including the NSW Trustee and Guardian.
We provide expert, personalised advice on the appointment of lifetime decision makers.
Decisions – Personal Decisions
- Paying your bills
- Buying and selling property where necessary
- Making provision for your financial needs
- Paying your expenses
- Conducting transactions on your behalf
- Dealing institutions on your behalf – rating authorities, government authorities, banks, insurers, and professional advisers – solicitors, financial planners, and accountants
- Giving gifts on your behalf such as ceremonial or annual gifts
- Dealing with your superannuation fund
- Dealing with your digital rights and social media accounts
Decisions – Business
- Paying wages
- Paying recurring accounts and liabilities
- Entering or renewing service contracts
- Dealing with personnel issues
- Dealing with the ATO and professional advisers
- Special circumstances including the sale of the business
Specialised Documents
We take the view that Powers of Attorney should not be one size fits all. Circumstances differ from one person to another, and your Power of Attorney do what you want it to do when you want it to occur. That may mean limiting your Attorney’s powers where necessary, having checks and balances in place to ensure the power is not abused and ensuring that the Power of Attorney operates only when you are unable to make decisions for yourself as certified by a medical practitioner.
It is extremely important that your lawyer understands your circumstances, the structure of your financial interests and assets and liabilities, the demands and dynamics of your family relationships, and is satisfied that you both have the capacity to understand and approve the making of the Power of Attorney.
Our Services
- An initial meeting to comprehensively investigate your circumstances and discuss the purpose of the proposed appointment
- Where necessary, investigate your asset structure, SMSF and business interests to ensure the Power of Attorney meets the needs of your particular circumstances
- Where necessary, make external enquiries where there is as suspicion of potential abuse by a family member or acquaintance, and obtain medical evidence where there are questions about capacity
- Attend on you to explain and execute the Power of Attorney
- If necessary, attend on your appointed attorneys to explain their roles prior to acceptance
- Periodic follow up as to a potential change in circumstances
Make an Appointment Now
You need to speak with a highly experienced lawyer to ensure your interests are protected. Book via the button below or call us today.
