Romano Legal Pty Ltd

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Power of Attorney
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Power of Attorney

Your Will looks after your estate after death. Your Attorney looks after your affairs in the event that, during your lifetime, you are unable to administer your own affairs, whether because of illness or incapacity. A Power of Attorney document is invalid after death. 

A General Power of Attorney can be specific to certain circumstances - you have mental capacity but cannot act on your own behalf for whatever reason.

An Enduring Power of Attorney continues to have effect after you lose mental capacity enabling your attorney to look after your affairs until death.

Your attorney can decide for you in a wide range of activities. Therefore the attorney you appoint must have your full confidence and trust. Most couples appoint each other and often they will also appoint an adult child should they both lack capacity to make their own decision.  

By executing a power of Power of Attorney you are able to choose the person to make your decisions. The alternative is that the Guardianship Tribunal can appoint a guardian - often, but not always, a relative - and the guardian is then accountable to the Tribunal only - not the relatives or the beneficiaries of the estate.
The Guardianship can appoint the Public Guardian or the Protective Commissioner.
The Guardianship Tribunal will charge (about 4% of the value of the estate). This is payable    from the estate after death and takes precedence over other distributions.

When making or updating your Will ask your solicitor about the Power of Attorney. It could alleviate the interference of a government institution into your affairs and save you a lot of money.

Give Peter Romano a call on (02) 9742 5529 for more information.

Professional Advice, Competitive Price

 

Contact   Romano Legal Pty Ltd

Phone:  + 61 2    9569 3177

Postal Address:

 

PO Box A111 

ENFIELD SOUTH  NSW  2133

 

OR        

peter@romanolegal.com.au

Fax:      + 61 2    9550 0245

Office address:   Suite 8, 296 Marrickville Road,         

                                  MARRICKVILLE, NSW, 2204

 

More Information: 

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