Why you need a Power of Attorney

Making Money Easy

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3y ago 28:48

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We're living longer but are you prepared for what that might look like if you lose your capacity to make decisions for example through a condition such as dementia or an accident? What about if it happens to your loved ones? That's where Power of Attorney comes in. This episode we take a look at what it is, how it works, legally and the best person to choose to make your financial and life decisions. Plus how it can go wrong and what to do to avoid conflict. Don't think this is just an OLD PERSON issue - anything could happen to you at any time. Whoa let's not scare each other but it's good to be informed as no one wants to end up in unnecessary financial strife. Anna Hacker, General Manager - Estate Planning at Australian Unity and Anita Bartfeld, Barrister - Victorian Bar join Gillian to explain.

Links to websites mentioned in the episode:

Office of the public advocate (OPA) https://www.publicadvocate.vic.gov.au/

Civil and administrative tribunals:

NCAT: https://www.ncat.nsw.gov.au/
VCAT: https://www.vcat.vic.gov.au/
QCAT: https://www.qcat.qld.gov.au/
WA SAT: https://www.sat.justice.wa.gov.au/
TASCAT: https://tascat.tas.gov.au/
SACAT: https://www.sacat.sa.gov.au/
ACAT: https://www.acat.act.gov.au/

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