Enduring Powers of Attorney

Enduring powers of attorney are enabled if through accident or illness you are unable to look after your affairs.  There are two types:
 

Enduring powers of attorney - Property

There can be more than one "attorney" for this role. The person(s) nominated for this role control your assets and make decisions, for example, on your investments, debt and the sale and purchase of your property.


Enduring powers of attorney - Health and General Care

This person appointed, generally a partner or friend, makes decisions on your behalf that, for example, affect your medical care and where you should live. 


Limitations of 'enduring powers of attorney'

If you die they are superseded by your will. They can not be used to act on behalf of a trustee in a family trust.

 

Caution with 'enduring powers of attorney'

You are giving the person you appoint the ability to act for you and have your authority so choose carefully.

Before signing discuss this with your adviser.  Both forms allow you to limit the powers of the  'attorney' you appoint.