- What will happen to your assets if you lose mental capacity?
- Who would look after them and you?
- Enduring Powers of Attorney (Property and Personal Care and Welfare) provide the answer.
- You can appoint an attorney (your partner / spouse and / or a child or children) to take care of things.
- If you don’t, then your family might have to go to Court to have someone appointed.
- That can and should be avoided and the difficulties and significant cost of that avoided.
- Mental capacity can be lost at any time as a result of an accident.
- Certainly by the time you reach age 60 you should have Enduring Powers of Attorney in place.
- For a couple fee $800 / for an individual fee $600 (in each case plus GST plus some disbursements) to put in place Enduring Powers of Attorney (Property and Personal Care and Welfare).
- Then you can rest easy knowing you have provided for yourself and your family.
Phone or email David Brown at David J Brown and Associates for further advice with regard to any of the above.
Enduring Powers of Attorney – Advice – Why?, How?, When?, Cost? – March 2014 (Click here to download a PDF)