Powers of Attorney

What are Powers of Attorney?

A Power of Attorney is a legal document that allows you to appoint an attorney or attorneys to manage your affairs. Your attorneys can be appointed if you become mentally incapacitated or cannot manage them yourself or their appointment can commence immediately. Your attorneys will be granted the legal authority to make decisions on your behalf including managing your finances, and carrying out other legal tasks including dealing with your assets.

Types of Powers of Attorney

We can provide advice on a range of Powers of Attorney, including:

General Power of Attorney – Grants your attorneys the authority to manage your legal affairs but has no legal effect once you lose capacity.
Enduring Power of Attorney – Grants your attorneys the authority to manage your affairs if you become mentally incapacitated

Choosing Your Attorney

You must select your attorneys very carefully. Base your decision on knowledge of their character, capabilities, and attitude towards their responsibility. Plus, they should be willing to take on the role and understand the legal implications.

Benefits of Powers of Attorney

Having valid Powers of Attorney in place can provide peace of mind, knowing that your affairs will be managed by someone you trust if you cannot do so yourself. So, get in touch with Mbt Lawyers; we are experts in Powers of Attorney.

If you need advice or assistance in setting up a Power of Attorney, Call 02 6648 7600 (Coffs Harbour) or 02 6648 7666 (Grafton) or use our online contact form today.