Someone to manage your financial affairs if you are unable to

Why would I need a power of attorney?
A power of attorney allows you to choose who you would like to look after your financial affairs if you become unable to manage them yourself due, for example, to illness or if you travel often. 

If you have not made a power of attorney, an order from a court or a tribunal will need to be obtained before someone can act on your behalf. The court or tribunal may not choose the person you would have wanted.

What is a power of attorney?
A power of attorney is a legal document that gives a nominated individual the power to act on your behalf. Your attorney should be someone you trust, aged 18 years or over, with appropriate knowledge and financial experience.

Alternatively, you can appoint a trustee company as either a sole attorney or to act in conjunction with another individual. A trustee company can give you and your loved ones peace of mind from the knowledge that an experienced and impartial professional is looking after your affairs.

Once executed, the power of attorney is held and activated either on your specific instructions, or, if you have instructed that the power or attorney be activated upon medical advice due to losing your mental capacity.

Contact Trust today for more information about establishing a power of attorney.

NSW 
Ravi Malhotra (02) 8295 8146
rmalhotra@trust.com.au

Queensland
Geoff Funnell (07) 3634 9732
gfunnell@trust.com.au

Victoria 
Claire Hausler (03) 9665 0325
chausler@trust.com.au

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