An Enduring Power of Attorney (POA) is a significant legal document necessary for empowering an ‘attorney’ to make decisions on your behalf. These decisions can be related, in some States just to financial issues, superannuation and asset management and in others extending to residence, health services and more.
Enduring Power of Attorney
Should your attorney have carte blanche over your super?
Appointing an attorney to look after your finances if you become mentally incapable is a good idea but should there be limits?
Revocation of an Enduring Power of Attorney
Sometimes it’s necessary to change your power of attorney in which case you’re going to need to revoke the existing appointment.
10 ways to protect your SMSF from loss of mental capacity
If you have a self-managed superannuation fund (SMSF), you need to plan ahead to ensure that it can still keep going if you lost mental capacity due to dementia (or other reasons such as suffering a stroke).
The benefits of an EPOA in estate planning
An Enduring Power of Attorney (EPOA) is a document where a principal (a person or company) appoints an individual or individuals (called the attorney) to act for the principal in relation to financial affairs, property matters and, in some States, lifestyle matters such as medical treatment or where the principal lives and how they should be cared for.
Critical components of SMSF estate planning
You may have seen coverage in the news of the Women and SMSFs report, jointly released by the CBA and the SMSF Association, indicating that more than half of SMSF members do not have an up-to-date Will or a succession plan. The research report surveyed 801 SMSF trustees, as well as 535 individuals without an SMSF, and […]
Legislative changes to Victorian Enduring Power of Attorney
Thinking of making an enduring power of attorney? Be aware that there has been some recent changes to the law for enduring powers of attorney made in Victoria since 1 September 2015. Nothing needs to be done in relation to existing enduring powers of attorney as these are grandfathered under the new legislation and remain […]
Longevity now makes the only certainties death, taxes … and paperwork
Most urgent decisions by people reviewing such paperwork are: Enduring Power of Attorney Enduring Guardianship Living Will or Advanced Health Care Directive With increasing longevity, the only certainties in life are death and taxes – and now, paperwork, a leading superannuation lawyer says. Peter Townsend principal Townsends Business & Corporate Lawyers says Australians now need, […]