Your Responsibilities as a Power of Attorney in Victoria
Appointed as a power of attorney in Victoria? It’s more than just a title—it comes with serious legal duties. Whether you're managing financial or personal affairs, you must act honestly, keep accurate records, and always prioritise the principal’s best interests. This blog outlines your key responsibilities, including when your authority begins and ends, the importance of involving the principal where possible, and the limits on gifting. Understanding these obligations is essential to protect yourself and the person who entrusted you. Read on to learn what you can—and can’t—do when acting under a power of attorney in Victoria.
Why You Should Consider Getting a Will Drafted by a Solicitor
While will-kits may seem like an easy and affordable option, they often fall short when it comes to ensuring your wishes are followed after you pass away. Ambiguous language, improper execution, and failure to address complex estate matters can create significant delays and disputes during probate.
A solicitor specialising in succession law provides tailored advice, drafts a legally sound will, and ensures it complies with strict legal requirements. They can also incorporate important provisions, such as testamentary trusts and guardianship arrangements, to safeguard your estate and your loved ones’ interests.