A Will takes care of your assets when you are dead-but what happens and who runs your assets when you are alive- but due to sickness or age you can’t manage your monetary affairs?
What happens if legal documents need to be signed e.g. a land transfer-but you for the above reasons can’t?
If you do not have a correctly drawn and signed Enduring Power of Attorney-then someone will have to go to the time, frustration and expense of applying to the Guardianship Board to get an order to legally manage your affairs.
The Public Trustee may apply to manage them.
Is this problem one you wish to leave to others to fix or do you want to appoint the people who are to act for you, when you now have the legal capacity to do so?
A correctly dawn Enduring Power of Attorney overcomes all these problems and you appoint who you trust to manage your affairs if for whatever reason you can’t.
You can appoint one or more people to act and you can appoint someone to act but if they can’t then you can appoint a back-up