Enduring Powers of Attorney – Perth
Whilst most people are aware of the benefits of making a Will, fewer people understand the benefits of having an Enduring Power of Attorney.
This allows you to appoint someone to look after your assets and make legal decisions on your behalf if you become physically or mentally incapable. Because you need to be ‘of sound mind’ when you sign the authority, it is important to have the documentation completed before any mental deterioration takes place.
Unfortunately, this can occur over an extended period of time, it makes sense to set an Enduring Power of Attorney in place at the same time you have your Will prepared.
You can choose sole or joint attorneys.
A popular method is to appoint your spouse or partner then two other family members as substitute attorneys in the event that your partner dies before you or becomes incapacitated.
Your attorney is required to become responsible for your financial wellbeing and act on your behalf to protect your interests.
When we prepare your Enduring Power of Attorney you can decide whether you want the document to take effect immediately – or at a later date should you lose your decision making capacity.