Enduring Powers of Attorney
What are enduring powers of attorney?
Enduring powers of attorney (EPAs) are legal documents that allow you to appoint someone you trust to make important decisions on your behalf if you can’t make these decisions yourself due to illness or injury.
There are two types of enduring power of attorney:
- Personal care and welfare EPA – you appoint someone to make decisions about your wellbeing, such as where you live and how you will be cared for.
- Property EPA – you appoint someone or a specialist organisation to take care of your finances and property, such as paying bills and managing assets.
The benefits of EPAs
EPAs are as important as wills. Without them, managing your affairs can become difficult for your family.
For instance, even simple tasks such as paying your bills can be a struggle if they can’t legally access your accounts.
Your family may feel powerless, leaving the Family Court to decide how to manage your property and personal matters.
With EPAs in place, decisions about your wellbeing, finances and property can be made by those you trust and in the way you want.
What to consider
You can decide when an EPA comes into effect and can add special terms and conditions. You can also state who you want your attorney to report to and consult with when making decisions on your behalf.
What's the cost?
Each EPA costs $289 including GST. Find out more about EPA costs and take the next step: