Often people agree to accept the appointment as an attorney under an Enduring Power of Attorney (EPA) without really understanding what’s involved and what will be expected of them.
An attorney under an EPA is similar to a trustee or an executor. The person giving you power of attorney is placing trust in you to do the right thing. The law expects you to act selflessly in the interests of the person whose property or welfare you are looking after.
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The latest EJ newsletter the EJ Update is available here. The latest Fineprint is available here.
This EJ Update includes information about:
- The ‘Legal Warrant of Fitness’ a new and simple survey that ensures that your personal and business affairs are up-to-date
- Changes to witnessing of enduring power of attorney documents
- The Government’s proposal to do away with gift duty
- Changes to the definition of ‘beneficiary income’
A change to the enduring power of attorney law finds the balance between protecting rights and dealing with the real-life situations of older people, Senior Citizens Minister John Carter said today.
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