Enduring Power of Attorney
Who will look after your affairs if you lose capacity?
Regardless of your age or health, everyone should have an Enduring Power of Attorney (“EPA”) so that if you lose the ability to make decisions, someone can step in and take care of things for you.
An Enduring Power of Attorney is a powerful document through which you grant power to a trusted loved one, adviser or friend to make financial and/or health related decisions on your behalf.
As the name suggests, an Enduring Power of Attorney endures in the event that you become mentally or physically incapacitated, unlike a general Power of Attorney which is null and void should this occur.
You can limit the power you give so that it is used only in the event that you lose the capability to make decisions yourself, or it can be an open-ended power.
There are also instances where a power of attorney will partially or completely automatically come to end, such as if you get married, divorced or die. You should always keep in mind that changes may need to be made in certain situations or new powers prepared.
Advance Health Directive
We can also advise you on the drafting and use of an Advance Health Directive, just call us on +61 7 3001 2999 and one of our friendly team will be happy to assist you.