A power of attorney (POA) is a legal document that allows someone to make decisions on your behalf. At WGC Lawyers in Cairns, we frequently advise clients on the importance of establishing a POA to protect their interests. This guide outlines when you might need a power of attorney and why it is a crucial part of planning for your future in Queensland.
What Is a Power of Attorney?
A power of attorney is a legal document that appoints someone to manage your affairs if you are unable to do so. There are different types of POAs, including general and enduring powers of attorney. A general POA covers financial and legal matters while you are capable, whereas an enduring POA remains in effect if you lose capacity. Consulting with a solicitor in Cairns can help you determine the best option for your needs.
When Should You Consider a Power of Attorney?
There are various situations where appointing a power of attorney can be beneficial, including:
- Preparing for a future medical condition or disability
- Travelling overseas for an extended period
- Handling complex financial matters or managing property
A wills lawyer in Cairns can help you draft a power of attorney that ensures your chosen representative can make decisions in your best interest.
Why Is a Power of Attorney Important?
Having a power of attorney in place ensures that your financial, legal and even medical decisions are made by someone you trust if you are unable to make them yourself. Without one, your loved ones may need to apply to the court to make decisions on your behalf, which can be costly and time-consuming. A wills lawyer in Cairns can guide you through the process and make sure your document is legally sound.
Need Help with a Solicitor in Cairns?
If you are considering a power of attorney, WGC Lawyers in Cairns can provide expert legal advice. Our experienced lawyer in Cairns will help you create a plan that protects your interests. Call us today on 07 4046 1111 or fill out our contact form to discuss your options.