A Power of Attorney is a legal document which appoints another person to act on your behalf in matters of finance and property. You might want to have a Limited Power of Attorney where you are unable or do not wish to handle your financial matters personally, such as when ill or travelling overseas.
It gives your attorney the power to manage your assets and financial affairs according to your instructions, such as signing legal documents or paying bills on your behalf.
A Limited Power of Attorney differs from an Enduring Power of Attorney, which is intended to continue after you have lost physical or mental capacity to manage your own financial affairs. Power of Attorney terminates upon death, where the appointed executor of the will takes over.
Answered by Emma Jervis
Emma is an experienced franchise lawyer and litigator who has successfully helped many clients achieve commercial and workable solutions to their legal problems. With over 10 years legal experience, Emma has run many cases in all tiers of the NSW Court system and Family Court of Australia, as well as having many years experience in advising clients of their legal rights in both the commercial and family law spheres. Emma is also experienced in drafting a range of documents, including franchise documents and complex commercial contracts.
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