Power of Attorney Bayside
A Power of Attorney is a document prepared by a Solicitor that allows another person to act on your behalf. They can make important decisions and sign documents when you are unable to do so.
The person (or people) appointed by you is called your ‘Attorney’. The Attorney you choose can have the same control over finances and assets that you have so it’s crucial you choose a trusted adult to take this role.
Your Attorney cannot make health or lifestyle decisions for you.
You should ensure that this person:
- Knows their duties and responsibilities
- Will act in your best interests
- Understands your wishes
- Is trustworthy
You should choose someone that understands financial matters and business.
It will be void when you pass away and does not affect your Will. Your Executor named in your Will takes over from your Attorney at death.
Types of Power of Attorney
One of the biggest mistakes businesses make is attempting to perform their own accounting.
Organise a consultation with an experienced accountant…
Request a call Or call us (03) 9589 5488
Power of Attorney Cheltenham, Bayside and Melbourne
Bruce Edmunds & Associates can help you have a Power of Attorney prepared by a qualified Solicitor. We’ll lead you through every step of the process to ensure you feel confident in your decision.
As you plan for your future, you might also like to read more about Wills and succession planning here.
