Many people in the coming months will need to be in self-isolation, quarantine or potentially receiving treatment. This separation will make it harder for practical matters to be managed. There will be times that may need people to be formally authorised to make decisions for you.
Having a power of attorney in place is the best way to be prepared for all situations.
For Companies – General powers of attorney can authorise specific people to give effect to decisions made by directors.
For Individuals:
- Enduring powers of attorney authorise people to make or give effect to financial, legal or personal decisions
- Appointments of medical treatment decision makers or enduring guardians for individuals, that can authorise people to make medical treatment and personal decisions where you have lost capacity.
Ideally, these documents would be prepared with Wills as part of a broader estate plan to avoid potential complications for you and your family.
If your Will or Powers of Attorney need updating please contact us on (02) 9908 9888 or email andrew.odonnell@edneyryan.com.au. If you don’t have a Will, click here to start instantly with our online estate planning assistant.