An enduring power of attorney is a legal document that allows the maker, known as the ‘principal’, to appoint one or more trusted individuals to make financial and other types of decisions on their behalf.
Samay Zhouand, the Public Trustee of Queensland, said: “Using a properly structured enduring power of attorney to appoint a financial attorney means someone who understands your needs and values is accountable by law to be honest and diligent in protecting your interests when making financial decisions for you”.