Power Of Attorney Lawyer
At CKL Lawyers we assist our clients to protect their interests and affairs for life’s future expected and unexpected events with Powers of Attorney
What is a Power Of Attorney?
A Power of Attorney is a simple document to have prepared and executed, but can have an enormous and timely impact on the ability to deal with someone else’s affairs. The consequence of not having a Power of Attorney to fall back upon at a critical time, can often be incalculable.
If you require someone else to act on your behalf you will need to have a Power of Attorney. Ask our experienced Estate Planning Lawyers for advice.
What are the 4 main types of Powers of Attorney?
- Enduring Medical Power of Attorney
- Enduring Financial Power of Attorney
- Enduring Power of Guardianship
- General Power of Attorney, sometimes called Limited Power of Attorney
Each Power of Attorney is used under different circumstances. Ask our Estate Planning Lawyers Melbourne which is the best Power of Attorney for your situation.
What are the different types of Power Of Attorney?
What is a General Power of Attorney, sometimes called, a Limited Power of Attorney?
A General Power of Attorney is when you want someone else to act on your behalf for a limited time, or for a specific purpose. You may want someone else to bid at Auction on a house on your behalf. In this situation the Power of Attorney expires after the auction has occurred.
What is a Medical Power of Attorney?
A Medical Power of Attorney is when you want someone to act on your behalf if you are incapacitated and need medical decisions made on your behalf. You may be unconscious after a car crash and require a decision to be made on your behalf regarding an operation. It is sensible for a married couple to give each other a set of Powers of Attorney so that either party can continue to manage the household if one becomes incapacitated.
What is a Financial Power of Attorney?
A Financial Power of Attorney is when you are not capable of making a decision and your Attorney takes over regarding financial matters. You may be elderly and you wish your adult child to take over paying your bills.
What is a Power of Guardianship?
A Power of Guardianship is where a person appoints another person, maybe a family member or trusted professional advisor, to take over responsibility of their affairs. Adult children of elderly parents are advised to organise a set of Medical & Financial Powers of Attorney for their elderly parents whilst their parents still have capacity to understand and sign a legal document. Once the elderly person loses capacity, the only way for the adult children to gain control of their parent’s affairs is to make a full application to VCAT for a Power of Guardianship. For more information please see our Elder Law section.
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