You may not be able to predict the future, but you can prepare for it. What would happen if:
- you lose capacity to make decisions for yourself; or
- you become physically unable to manage your affairs?
If your answer to either of these questions is, “um…I don’t know!” then consider making an Enduring Power of Attorney.
What is an Enduring Power of Attorney?
An Enduring Power of Attorney is a simple legal document by which you appoint someone to take care of your property and finances on your behalf. You can specify when the appointment is to come into effect, either immediately or later if you lose capacity. You can appoint more than one attorney and you may also appoint one or more substitutes. You may choose whether your attorney’s power is unlimited or subject to conditions or restrictions.
Most importantly, you should appoint someone reliable – someone that you trust.
The benefits are…
- Give clear directions to your family – and thus avoid confusion and anxiety.
- You decide who manages your affairs.
If you own real estate in Western Australia you should register your Enduring Power of Attorney at Landgate – the state government’s land information authority. That way your attorney will have authority to sell or deal with your land.
We can help
Visit Birman & Ride’s page – Enduring powers of attorney and guardianship
Download a free Enduring Power of Attorney kit from the Department of the Attorney General website.