Wills & Estates
Power of Attorney and Guardianship
All adults should have a Power of Attorney and Guardianship.
A Power of Attorney is a formal legal document that grants to others the rights and obligation to make decisions on your behalf in relation to assets, debts, financial issues or personal issues relating to your medical care and welfare. It is not the law that your spouse and/or children automatically have the right to make decisions on your behalf if you lose mental capacity.
A Power of Attorney and Guardianship is automatically revoked on your death and does not overlap any authority granted in your Will.
The greatest benefit of the power is to enable others to make decisions on your behalf after you have suffered a legal incapacity (perhaps in a coma in hospital or suffering a degenerative disease such as Alzheimer's).
Your spouse and children have very little authority unless specific powers are granted to them pursuant to your Will, Power of Attorney and Guardianship.
Call Andersons now on 8238 6666 to have your Power of Attorney and Guardianship drafted.
