This document gives another person the authority to make financial and property decisions on your behalf. For example, using money in your bank to pay for your groceries, or assisting you with the payment of your bills, when you are no longer able to do so.
If you do not have an Enduring Power of Attorney, then an interested person (usually a family member) will need to apply to the State Administrative Tribunal (SAT). The SAT would then closely monitor the person to whom they give this power.
An Enduring Power of Attorney is a very powerful document so is important that the person you choose is trustworthy and capable of managing money. An experienced lawyer can help guide you in making this important decision.
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