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.
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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