Powers of Attorney
A Power of Attorney is an authority for one person (the ‘Attorney’) to act in the place of another person (the ‘Principal’) typically after having been formally appointed by a legal document.
General Powers of Attorney
General Powers of Attorney might be used in a number of different commercial scenarios. For example they may be used to enable an Attorney to execute documents where the Principal is not available or where it is simply more convenient for a professional to act in place of the Principal.
Appointments can (and often should) be limited in terms of the powers and the duration of the Attorney’s role. The best way to be sure that the appointment does what is intended is to ensure that the arrangements are properly drafted by experienced an legal professional.
The legislation dealing with Powers of Attorney varies slightly state by state. For example in Queensland the relevant Act is the Powers of Attorney Act 1998.
It is very important to obtain professional legal advice before giving or accepting an appointment under a Power of Attorney. A Principal needs to make sure they don’t give carte blanche to their Attorney if this is not what is intended. Bell Legal Group’s experienced commercial law team can help.
Enduring Powers of Attorney
In a personal context and as part of an estate planning process an Enduring Power of Attorney may be entered into where you can nominate someone to make decisions for you when you no longer have capacity to do so. Contact our dedicated Team to find out more about Enduring Powers of Attorney.
Legal help for all of your Power of Attorney needs
Bell Legal Group has the expertise you need when it comes to Powers of Attorney.
Please note that the information on this web page is general in nature and is not legal advice nor is it intended to be. Always obtain professional legal advice specific to your circumstances.