An Enduring Power of Attorney is a legal document which allows you to appoint an individual(s) or an organisation such as the Public Trustee to take care of your financial affairs if you lose capacity in the future to make independent and informed financial decisions.
- An Enduring Power of Attorney deals only with the management of your financial affairs not lifestyle or medical decisions.
- An Enduring Power of Attorney begins after registration of the document at the Land Titles Office.
- An Enduring Power of Attorney is operative during your lifetime only and automatically ceases on your death.
If you can no longer manage your financial affairs (due to accident or illness) you will not be able to operate a bank account, pay bills, complete your tax return, manage your investments or do anything associated with your financial wellbeing.
An Enduring Power of Attorney allows you to choose who will take on this responsiblity if you lose capacity in the future.
Remember that acting as an Attorney is a demanding job filled with wide ranging responsibilities that require sound knowledge of legal, business, financial and investment issues. It is vitally important you choose someone whom you trust to act in YOUR best interests.
Many Tasmanians choose the Public Trustee as their Attorney for these reasons:
- IMPARTIALITY – We are an independent, impartial and professional organisation.
- RELIABILITY – Unlike an individual whose ability to act can be affected by changes in personal circumstances, the Public Trustee has been continually providing services to Tasmanians for over 100 years.
- UNDERSTANDING – We are familiar with the natural confusion that follows sudden accident or illness and we act with compassion and understanding.
- EXPERIENCE – The Public Trustee is Tasmania’s most experienced Trustee organisation and we pride ourselves on up-to-date service and advice.
- EXPERTISE – Rest assured knowing the Public Trustee has experienced, qualified and professional Solicitors, Accountants and Client Account Managers on staff.
For a full list of fees and charges you may incur when engaging the Public Trustee, please visit our Fees & Charges page.
Alternatively, you can get in touch with us directly.