Preparing your powers of attorney
A power of attorney allows you to appoint a person to make decisions for you, or to support you in making and giving effect to your own decisions. In some cases, the person you appoint can act for you even when you are unable to make decisions yourself.
A power of attorney is a legal document that can give someone you trust the ability to deal with your financial affairs, or make certain personal decisions for you, such as decisions about how or with whom you live or work, including daily living issues such as diet and dress.
Types of powers of attorney
A power of attorney is a helpful and powerful legal document: it lets you choose a trusted person or organisation to make important decisions for you.
In Victoria, you can use an enduring power of attorney to permit your attorney to make personal and lifestyle decisions for you, as well as financial and property decisions.
There is also the option to appoint someone to support you to make your own decisions, and to help you give effect to them, under an appointment of supportive attorney.
What types of appointments can State Trustees help me with?
State Trustees can assist you in preparation of an enduring power of attorney for financial and personal matters.
An enduring power of attorney for financial matters enables you to choose an individual, or an organisation like State Trustees, to look after your financial or property affairs, including any legal matter that relates to your financial or property affairs.
Your attorney can:
- assist with your day-to-day finances
- manage your bills
- manage your property
- arrange for your tax returns to be completed
An enduring power of attorney for personal matters enables you to choose a trusted friend or family member to make certain personal decisions
Your attorney can decide:
- where you live
- who you live with
- what education or training you receive
- whether you go on a holiday and where you go
When should I organise my powers of attorney?
You should prepare your enduring powers of attorney when you are healthy, aware and in control. By planning ahead of time, you know you can rely on having an attorney in place to step in and help you manage your affairs according to your wishes when you need it most.
Similarly, it may be much harder to put an appointment of supportive attorney in place if you are no longer at your best, either physically or mentally.
Why appoint State Trustees as your attorney for financial matters?
State Trustees understands power of attorney law, and the obligations of an attorney.
State Trustees gives you an expert, professional, impartial option. Our comprehensive financial management service has been designed to give you peace of mind and security.
We work for you. We listen. We advise.
By ensuring we understand your needs and your wishes, we can help protect and appropriately manage all your financial income and assets. So you don’t have to worry about the everyday details of managing your money.