Your Local Lawyers

CALL 02 4929 4499 

Powers of Attorney

A Power of Attorney gives another person (or persons) the power to handle your financial affairs.

The most common reason to make a Power of Attorney is to assist if you lose capacity to make your own decisions in the future (for example, from a loss of mental capacity from Alzheimers or dementia, or through an accident that leaves you physically incapable of managing your financial affairs).

A Power of Attorney can also give someone the power to handle your financial affairs if you are going overseas for an extended period.

It is important to choose the right person to be your Attorney.  You can appoint more than one Attorney, which can sometimes provide an additional level of protection.    Typically, you would appoint your partner, children or a close family friend. 

A Power of Attorney does not give the Attorney the power to make your health and lifestyle decisions.  For this reason, usually a Power of Attorney is made in conjunction with an Appointment of Enduring Guardianship (whcih does deal with health and lifestyle decisions).  You can appoint different people for each document.