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Make an enquiry or call us on 03 5273 5273A Power of Attorney is a document in which you appoint loved ones or trusted friends to make financial, personal and/or medical treatment decisions on your behalf, if you become incapacitated.
You can appoint an Attorney to make the following types of decisions for you, if you become incapacitated:
This power allows you to appoint an Attorney or Attorneys to make decisions in respect of financial matters. It is useful as a means of ensuring that someone, chosen by you, takes control of your financial and legal affairs if you are ever unable to do so yourself. You can decide when this authority begins.
Some examples of ‘financial matters’ include:
You may appoint a personal Attorney/s, and alternative personal Attorneys, to make lifestyle decisions on your behalf if you do not have the capacity to make those decisions yourself. These decisions were previously known as ‘guardianship’ decisions, and are distinct from medical decisions.
Some examples of ‘personal matters’ include:
You may appoint a series of medical treatment decision makers to make medical treatment decisions on your behalf. This document comes into effect if you lose capacity to make these types of decisions on your own. Whilst you can appoint a number of alternate decisions makers, you cannot appoint two or more people to act jointly on your behalf. You should also consider the preparation of an Advance Care Directive with your treating medical practitioner or a specialist Advance Care Planning Unit.
A Medical Treatment Decision Maker can make decision on your behalf in respect to:
The person you appoint as your Medical Treatment Decision Maker should take into account your preferences and values, which can be inferred from your life or in a Values Directive (if prepared), and the likely effects and consequences of any medical treatment being considered.
Decision making capacity refers to a person’s ability to understand and retain information relevant to a decision, weigh options with respect to the decision, and their ability to communicate their decision.
Loss of decision making capacity can occur at any stage in life and for a number of reasons, including:
At Coulter Legal, we recommend preparing Enduring Powers of Attorney rather than General Powers of Attorney, as Enduring Powers of Attorney continue to be valid when you no longer have decision making capacity. All Powers of Attorney cease to be valid after you pass away.
You should appoint someone that you trust to manage your financial, personal and/or medical affairs in your best interests. You may appoint different people for different roles.
Many people choose their spouse or an adult child, but you may prefer to appoint another family member, a friend with expertise in a certain area, an accountant, lawyer, or a trustee company. You should feel confident that the person or agency is competent to deal with the management decisions that may arise and capable of keeping accurate records of all dealings and transactions.
The Attorney or Medical Treatment Decision Maker you choose must be willing to take on the responsibility on your behalf.
The following people are not eligible to be appointed as an Attorney:
Powers of Attorney are only valid and provide authority to make decisions on your behalf whilst you are alive. By comparison, your Will provides instructions for who is to administer your estate and receive your assets after your death.
After your death, Powers of Attorney become invalid and your affairs are managed in accordance with the terms of your Will or the laws of intestacy. Powers of Attorney can also come to an end if you, or the Victorian Civil and Administrative Tribunal (VCAT), revoke the Powers.
When you meet with one of our lawyers, they will discuss your estate planning options with you and may advise that you prepare a Will, together with Powers of Attorney, as part of your tailored estate plan. For more information on what happens if you die without a Will, click here.
If you do not have Powers of Attorney, then you will be unable to choose who makes decisions for you should you unexpectedly lose decision-making capacity. This can lead periods of time without access to funds, delays as to vital decision making, and conflict between loved ones about who should be making important decisions – which can result in costly litigation.
By preparing a Power of Attorney while you have legal capacity, you are able to take control and choose whom you wish to appoint to make decisions on your behalf and you can provide, if necessary, conditions and limitations for the exercise of such powers.
If it is determined by medical professionals that you have lost the capacity to make financial and personal decisions, a family member, friend or the Public Advocate may make an application to VCAT on your behalf to be appointed as your Administrator and/or Guardian. An Administrator is appointed to handle your finances and legal affairs, whilst a Guardian is appointed to handle your personal matters.
A Member of VCAT will consider all material before it, and determine whether the applicant, another individual or a Trustee Company is most suitable to be appointed to these positions. This process is costly and the appointment may not reflect your wishes.
If you do not have an Appointment of Medical Treatment Decision Makers, then the Medical Treatment Planning and Decisions Act 2016 (VIC) provides a hierarchy of people who make medical treatment decisions on your behalf, should you be unable to make these decision for yourself, which is as follows:
If you have more than one carer, child, parent or sibling then they would act in order of age, eldest to youngest. Again, this may not fall in line with your wishes, and accordingly it is best to take control and make those appointments yourself while you are capable of doing so.
The Wills, Estates & Succession Planning team at Coulter Legal have partnered with two-time Legal Innovation Award winners, Settify, to launch an easy to use online tool which allows you to provide instructions for your estate planning.
Using Settify, you can provide us with instructions for Enduring Powers of Attorney and Appointments of Medical Treatment Decision Makers. After you complete the Settify induction, our team will be notified and will contact you to arrange an appointment with one of our experienced lawyers.
Armed with the information provided to us through Settify, our expert team of lawyers can review your circumstances and easily and efficiently draft your Powers of Attorney. This innovation means that your time with your lawyer will be more efficient, detailing only the important issues in your estate planning and making the most of the expertise we provide.
Powers of Attorney may be prepared without the assistance of a lawyer, but when it comes time to sign these documents, they must be witnessed by someone who is authorised to witness the signing of an Affidavit, such as a lawyer or medical practitioner.
Our professional fees for preparing an Appointment of Medical Treatment Decision Makers for you start at $200.00 plus GST, and Powers of Attorney (Financial and/or Personal) start at $250.00 plus GST.
These fees may vary depending on the complexity of your estate planning. In your initial appointment, one of our lawyers will talk with you about your circumstances and assess if you would benefit from any additional documentation.
