60s elderly spouses at lawyer office sign marriage contract

Lock in your Power of Attorney before you get locked down and locked out!

Karina Penfold ||

This article follows on from the previous article that outlined how our Estate Planning Team are overcoming the barriers to meeting with clients face to face and signing documents, and also emphasised the importance of not leaving documents to last minute.

In today’s day and age, we live on edge of when the next COVID-19 outbreak might be, when the next lockdown might happen, how long the lockdown will go for. We have no idea when it might be that we can travel overseas again, no idea if, when we go to travel interstate, we will get locked out of our own state. We have no idea when we might be caught up in a hotspot and have to quarantine for 14 days or become a casual or close contact.

Although a Will is one of the most important documents to have to ensure that your wishes are met when you pass away, it is also crucial to have your Enduring Power of Attorney and Appointment of Enduring Guardian in place to ensure you have people appointed to make important decisions on your behalf if you are unable.

Imagine being locked out of your state or locked down in your own home and unable to attend the bank or attend to important business affairs that you require to be done. If you have an Enduring Power of Attorney in place you would have someone with authority to do these things for you. If you are the director of a company and have a Corporate Power of Attorney, the attorney could continue doing things for the company as necessary without you.

Now more than ever before it is important to have these documents in place as anything can happen at any moment.

For older people, it may be that fear of getting sick or coming into contact with someone that is sick might keep you at home, so having an Enduring Power of Attorney in place could mean you do not need to leave your home and you can be relieved from that stress having someone do things for you.

Understandably, COVID-19 has caused so much anxiety and uncertainty in today’s world. That is why it is important to control what you can control and have peace of mind that if the worst happens, your wishes have been recorded.

Contact our Estate Planning Team today to discuss setting up the necessary documents to ensure you are protected through death, incapacity or even just a COVID-19 lockdown.

Authors

Share:

Send an enquiry

Any personal information you provide is collected pursuant to our Privacy Policy.

Categories
Archives
Author

More posts

A guide to intrafamily adoption

Adoption is the process where a parent’s legal rights for their child are transferred to another person. The formal adoption of a stepchild or close relative is known as intrafamily adoption.

Passenger movement and visa data-matching by the ATO

Heading overseas for work or a holiday? Taxation issues, including tax residency, should be on front of mind when departing from or arriving to Australia. Why? Because the Australian Taxation Office (ATO) can follow your footprints and, if you’re not careful, spring unexpected taxes on you.

Is it really necessary for my executor to have so many powers?

People often question why the executor of their estate needs to have so many powers. Simply put – if your executor isn’t given any additional powers by your Will, then they are limited to what is set out in the Trustee Act. One area that this can lead to issues in, is the family home – particularly if beneficiaries aren’t in agreement.

Essential terms of a commercial lease

A commercial lease is a contract that details the rights and obligations of a tenant and landlord. So, what are the necessary terms of a commercial lease?

Responding to data breaches

In the final part of our four-part series on your business’ responsibilities related to cyber attacks and data breaches, Special Counsel John Bennett how businesses should respond to data breaches, including application and requirements of the Notifiable Data Breaches Scheme.

Security of personal information

Part 3 of a four-part series on your business’ responsibilities related to cyber attacks and data breaches where Special Counsel, John Bennett provides an overview of some court decisions and proceedings where ‘security’ of personal information has come into issue.

Parental alienation in Family Law

The concept, Parental Alienation Syndrome, was initially brought about by American psychiatrist Richard Gardner in 1985. The term parental alienation is used to describe a situation where one parent is involved in psychologically manipulating their child to turn against the other parent.

Are you liable for labour hire workers if they are injured?

Many employers (host employers) engage employees of labour hire companies, particularly in the building and construction, hospitality and manufacturing industries. However, what happens when one of these employees gets injured at the host employer’s work site? Who is liable for the injuries?

The risks with cyber attacks and data breaches

Part 1 of a four-part series on your business’ responsibilities related to cyber attacks and data breaches. Cyber attacks and data breaches are the top business risk in Australia according to Aon’s 2023 Global Risk Management Survey.

© 2024 Coleman Greig Lawyers  |  Sitemap  |  Liability limited by a scheme approved under Professional Standards Legislation. ABN 73 125 176 230