Appointing  attorney for your financial matters

An enduring power of attorney (financial) lets someone else make your financial and legal decisions for you.

You can choose an individual or an organisation to look after your financial or property affairs (“financial attorney”).

It’s important to choose someone you can trust to make the decisions in the event that you are unable to.

Why is it important to choose a financial attorney now?

The time to prepare a power of attorney is when you are healthy, aware and able to make important choices. If you don’t have these appointments already in place, and you have a serious accident or become unwell, it may be too late to appoint someone to act on your behalf.

By planning ahead of time, you know you can rely on your financial attorney to step in and help you manage your affairs according to your wishes when you need it most.

If you don’t have a financial attorney:

  • you might not be able to choose who makes financial decisions on your behalf
  • you might not trust the person who takes control of your finances
  • your assets are vulnerable to whoever makes decisions on your behalf
  • family fights are not uncommon. Without clear instructions from you, family and friends cannot be sure that your affairs are being managed as you would wish.

Who can I choose to be my financial attorney?

You can appoint anyone to act on your behalf.

This can be a trusted friend, a family member or a professional organisation like State Trustees.

We recommend thinking about what will happen when the power of attorney is required and why it will be necessary. It can be an emotionally draining time. It is often a complicated, time consuming task, especially if there is a family dispute.

Although friends and family members will want to help, it is often easier and less stressful to appoint a professional organisation, like State Trustees, to act as your financial attorney.

When can my financial attorney start making decisions?

It’s your choice. You can nominate when you want your financial attorney’s power to begin. This could be:

  • immediately
  • on a specified date
  • on a specified occasion (including when you cease to have decision making capacity)

Can my financial attorney help me manage my finances today?

Yes.

The process helps to ensure that your finances are organised.

State Trustees offers a comprehensive financial management service. When you grant us the power to act as your financial attorney, we help arrange, protect and manage all your financial assets, so you don’t have to worry about the everyday details of managing your money.

So you get peace of mind.

We can help:

  • collect your income
  • manage your bills
  • manage your property
  • complete your tax returns
  • implement your long-term financial plan.

Why should I consider appointing State Trustees as my financial attorney?

We work for you and you alone.

We are independent and will remain impartial.

We will listen and ensure your wishes are carried out, whether it’s helping to sell your family home, or simply making sure the bills are paid.

Our experience and expertise will help alleviate stress and confusion from those you love.