NSW Guardian Tribunal Enduring Power of Attorney

How many attorneys can i appoint you can appoint more

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Unformatted text preview: ore information. How many attorneys can I appoint? You can appoint more than one attorney. When appointing more than one attorney, you should choose people who can cooperate with each other and who you trust to work together in your best interests. You can appoint your attorneys to act: • jointly and severally (this means that the attorneys can make decisions together or separately), • severally (this means that any one of the attorneys can make decisions independently of the other attorneys), • jointly (the attorneys must agree on all decisions). What if one of my attorneys dies or cannot continue for some reason? Your power of attorney may be affected if one of your attorneys dies or cannot continue in their role. This depends on how you appointed the attorneys. If you appointed them to act jointly and one of them is no longer willing or able to carry out their duties, then this will automatically end the enduring power of attorney. However, if you appointed your attorneys to act jointly and severally or severally then the enduring power of attorney will continue, even when one of them can no longer act. The remaining attorneys can keep making decisions for you. Enduring Power of Attorney . . . A guide to assist you in planning for your future page 2. What powers can I give an attorney under an enduring power of attorney? You can give your attorney the power to make any decision or do anything about your finances or property which you could do yourself. These broad powers include selling, buying or leasing property (such as your house), making investments, accessing cash (including bank accounts) and buying or selling shares. You can control the power you give to the attorney by placing limits or conditions in the enduring power of attorney. For example, you can give the attorney limited authority to do specific tasks, such as paying regular bills but not selling property. If you wish to limit your attorney’s powers you should seek legal advice about the best way to do this. What are the duties and responsibi...
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This note was uploaded on 03/25/2014 for the course FOBE 302 taught by Professor X during the One '13 term at Macquarie.

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