Notarial Services

A power of attorney is a crucial legal document that grants authority to another person (the attorney or agent) to make decisions on behalf of the principal (the person who is having decisions made for them), specifically concerning financial or medical matters. In Victoria, establishing a power of attorney ensures that your affairs are managed according to your wishes if you become incapacitated or unable to make decisions yourself.

A financial power of attorney enables the appointed agent to handle financial transactions, manage investments, pay bills, and conduct other financial activities on behalf of the principal. This authority can be broad or limited, depending on the preferences outlined in the document. A medical power of attorney empowers the agent to make healthcare decisions when the principal is unable to communicate or decide due to illness or injury. This includes choices about medical treatments, procedures, and end-of-life care preferences, ensuring that medical care aligns with the principal's values and preferences.

Seeking legal advice to draft a power of attorney tailored to your specific needs is crucial to ensure clarity, compliance with local laws, and the smooth execution of your wishes in various scenarios. Whether for financial security or healthcare planning, a well-executed power of attorney provides peace of mind that your interests and preferences will be upheld during times of incapacity.

Contact Bentleys Barristers & Solicitors, if you or a loved one, is considering a power of attorney.

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