Power of Attorney
Things you should know
- Appointing someone trustworthy and competent as your attorney is important.
- We can potentially help you decide on an attorney, as your professional advisor.
- An attorney is liable for any losses they cause in breach of their duty.
- For an attorney to deal with real estate property, the document needs to be registered at the Land and Property Information.
- For a power of attorney to be valid when you lose capacity, it needs to have been validly executed with advice from your solicitor.
- Appointment of an attorney has serious implications and should be done with advice.
- An attorney can be appointed for a company as well as yourself.
- A general and enduring power of attorney are different things.
The Mulally Mylott Difference:
- We pay careful attention to the details of your decision in terms of who to appoint as an attorney; what powers to give them; and in what circumstances the power of attorney is activated.
Why would you need this service?
Powers of attorney can allow a trusted, responsible person to make decisions about your property, financial affairs and assets while you’re overseas, sick, or lacking capacity to make decisions for yourself.
Having a power of attorney appointed to manage your affairs can protect your assets from being dissipated into the costs of the management of your affairs by the NSW Trustee and Guardian.