Monday, March 3, 2014

New prescribed Power of Attorney forms in NSW

As of 1 March 2014, use of the new form to create an enduring power of attorney will be mandatory.

The LPI will only accept enduring powers of attorney signed on or after 1 March 2014 if they are on the new form.

lpi.nsw.gov.au/../PoA_Fact_Sheet.pdf
Note:
Attorneys who are appointed jointly and severally (i.e. together or individually) are able to act and make decisions independently of each other. However, you can specify that a simple majority (if you appoint 3 or more attorneys) must agree before they can act.

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