What is a Power of Attorney?

A Power of Attorney (POA) or a Letter of Attorney (LOA) is a legal document by which a person (the principal) gives authorization to another person (the agent or attorney-in-fact) to act on his behalf. The authorized agent can be subjected to full or limited legal power to make decisions about the principal’s property, finances or medical care.

Kindly note that a POA should be prepared in advance of unlikely affairs. You cannot make a Power of Attorney after you become legally incapacitated because you need to sign and yourself must understand the nature and effect of the document.

When a Power of Attorney is used?

The power of attorney is frequently used in the event of illness or disability, or when you can’t be present to sign necessary legal documents for financial transactions.

Types of POA?

There are two kinds of POA: General POA (POA in short) and Enduring POA. While General Power of Attorney ceases to operate if the principal loses the mental capacity to make their own decisions, Enduring Power of Attorney continues to have its effects after that impaired capacity.

Canceling a Power of Attorney

To stop a POA you granted for another person, you should complete a revocation process. If you want to give up the power that you are given by the principal.

How Marriages, Relationships and Will are related?

Marriages, relationships and wills have a vital connection to each other. Any changes in your registered relationships or marriage will automatically lead to the revocation of the existing will. This works for both cases of a relationship end or a new relationship.

Making an advance care directive, What is an advance care directive?

How do I make an Advance Care Directive?

An Advance Care Directive (ACD) will help your family and doctors to know what you would want when you are not able to tell them yourself.

The differences between a Will and Power of Attorney?

A Power of Attorney has its effects for while you are alive and is no longer valid after your death, whereas a Will is for after you pass away.

The important of Will, Assets, Testament

Why is a Will of great importance

A will does not only have its function as a written document of your wishes and desires, but also as a protection to your beloved people with amazing benefits as below

What is an Advance Care Directive?

An Advance Care Directive (ACD) is a legal document that allows people who can make decisions on their behalf during unlikely periods when they are critically ill, unable to speak for themselves, lose full decision making capacity regarding health, residential, lifestyle and personal matters.

What is Probate?

Probate is the process of transferring property legal title from the decreased person to their heirs or beneficiaries

Checklist to make a Will

Preparing a will is not a headache as you might think. It is just the matter of customizing the standard required for a will to your own case. You can easily make a testament yourself by noting down bullet points in the below checklist:

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Legal Insight

What kind of family lawyer would be suitable for your divorce?

Many divorce lawyers at Dev Smith Nguyen Lawyers are also experts in dealing with real estate properties in family-related issues in Adelaide.

What if I do not have an Enduring Power of Attorney?

If you have not made an Enduring Power of Attorney while you have legal capacity, your relatives may not be able to handle your affairs informally.

Check list when buying unit property or lot property

Checklist when buying a unit or lot property

Before signing a contract of purchasing a unit or lot property, you should make sure that you understand the operations, finances as well as related information. Help yourself by
noting down the checklist of buying a unit or lot property.

Understanding property settlement following divorce

According to South Australia’s family law, you can reach the final property settlement of your marriage breakdown by contested or uncontested property settlement.

How Marriages, Relationships and Will are related?

What you need to know when buying or selling a business

Unlike buying and purchasing property, buying or selling a business is a very different process, taking into account various factors and steps involved.

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