Navigating the challenging world of ageing can be difficult for both the elderly and their families. At a time with already heightened emotions, legal matters, property, and finance are the last things on your mind. That is when you may need a Power of Attorney.
What is a Power of Attorney?
A Power of Attorney (POA) is a legal document that allows an individual to make decisions on another person’s behalf regarding their finances, business, and personal matters. In some states and territories, a Power of Attorney will also give someone the authority to make decisions regarding a person's healthcare.
Who is involved in a Power of Attorney?
A Power of Attorney is appointed to an individual, referred to as the ‘Agent’ or ‘an Attorney’, by a ‘Principal’, who is the person who initiates the Power of Attorney. In many jurisdictions, it is a requirement that the Principal’s signature is notarised. In some cases a witness’s signature must also be notarised. This can be completed by a notary public.
What does a Power of Attorney allow you to do?
Power of Attorney is a legal status that grants an individual the power to act on another person’s behalf with regard to their finances, business, and personal matters. Depending on the specifics of the POA document, the level of legal authority may vary, so it is important to work with a professional who can create the document to suit your specific circumstance and needs.
How can a notary public help you?
If someone close to you is unwell or ageing, you may need to consider their ability to manage legal or financial decisions. Notaries can officiate the paperwork needed to grant a Power of Attorney, which allows a next of kin to make decisions on their loved one’s behalf. Without proper execution, a Power of Attorney can be challenged or not recognised, causing issues at an already challenging time. Don’t take that risk, and enjoy the peace of mind that comes with choosing a respected notary public like Brisbane Notary.
