Enduring Power of Attorney
An Enduring Power of Attorney is a document under which you appoint one or two people to assist you to manage your financial and property affairs. This may include paying your bills, managing your investments or selling your property.
You do not give up the right to do these things for yourself, but at some point you may need assistance – for example, if you are overseas, or if you are ill or lose capacity as a consequence of accident or illness.
You are able to appoint one or two substitute attorneys who can act if your first choice is unable to do so.
If you do not appoint an attorney and you lose capacity to manage your financial and property affairs yourself, your family may have to apply to the State Administrative Tribunal to be given the authority to administer your affairs.