Posted on August 11, 2017
Many people form the view that they will be capable of looking after their own affairs until their demise. They ignore the need for a power of attorney or the importance of same.
The laws have changed recently in relation to the form of the personal matters power of attorney and our team at Scanlan Carroll can explain the changes to you and safeguards to protect you in the future. There are now only 2 types of powers of attorney, personal matters and medical. Do you need both and what is the purpose of the two powers? Our estate lawyers can explain to the different types of powers, the benefits of same and the circumstances in which they are used.
Too many people have the misconception that powers of attorney only operate once you lose capacity. Most of the powers that Scanlan Carroll draft commence immediately to ensure that the donor’s interests are protected from the outset in the event of an injury or illness that renders then incapacitated and unable to look after their own affairs for the period that they recover.
It is important that you consider who will assist you while you are alive, in the event that you are incapacitated for a period of time and need to make important decisions or as an example you are heading overseas and need someone to bid at auction for you on a property. These are only some of the examples where a power of attorney can be used – why not seek the advice of our experienced team in relation to your situation so that we can provide you with peace of mind that the person or persons you trust are looking out for you in a time of need.
If you would like advice on the recent changes to Powers of Attorney or to discuss your estate planning more generally, please contact Sharelle Staff on (03) 9853 0311 or email at [email protected].
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