What is a Power of Attorney?

What is a power of attorney?

A Power of Attorney is a document that appoints someone to make financial decisions on your behalf. You may appoint an attorney in various situations. A common example of an attorney being appointed is for when you lose mental capacity to make your own decisions, or if you are travelling overseas for an extended period.

Two different types of Power of Attorney’s

There are two main types of Attorneys namely, an Enduring Power of Attorney and a General Power of Attorney. An Enduring Power of Attorney will stay in place if you lose capacity whereas a General Power of Attorney will automatically lapse if you lose mental capacity.

Contact Carter O’Neill Legal today to appoint an Attorney that you trust to sign important documents on your behalf, make financial decisions and provide you with a peace of mind knowing your financial affairs can be looked after.

Contact an expert Estate Lawyer at Carter O’Neill Legal today to discuss your situation knowing we can tailor the documents to your needs.

Call us on 02 9151 7339 or 02 4308 8892