Why have an Enduring Power of Attorney?
When you have an Enduring Power of Attorney in place, you control who is able to make decisions on your behalf when you are unable to, including when you no longer have decision making capacity. Without an Enduring Power of Attorney, your wishes as to who should act for you may not be known or respected. It may lead to conflicts among family and friends. It may also mean there are delays in having important decisions made at the time when they are most needed.
In these circumstances your family, friends or advisers may need to apply to the Victorian Civil and Administrative Tribunal (VCAT) for the appointment of an administrator to manage your finances and a guardian to manage your personal affairs and medical treatment decisions.
Aside from time delays where bills may be left unpaid and investments ignored, VCAT may not appoint the person you would have chosen.
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