Power of Attorney
What is Power of Attorney?
If you give another person your ‘power of attorney’, it simply means that you give that person the power to act on your behalf (for example, to buy and sell things for you or operate your bank account).
Giving a ‘power of attorney’
does not mean you lose control over your affairs. You can still deal with all matters, while your ‘donee’ (the person
you appoint to act on you behalf), can do those things that you have authorised. The donee must agree to act for
you, you cannot make someone your donee against their wishes.
A power of attorney can be for a limited time, or
until your death or mental incapacity. If you wish to have an attorney in case you become of unsound mind, you
must make an ‘enduring power of attorney’.
Public Trustee is highly experienced in the administration of personal financial estates under the authority of Enduring Power of Attorney. When Public Trustee accepts the role of attorney, written instructions are taken from the client regarding the administration of the personal financial estate, should certain circumstances arise.
For more information visit www.publictrustee.sa.gov.au.
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