Blog

7th Deadliest Sin – No Power of Attorney

7th Deadliest Sin - No Power of Attorney

With recent significant amendments to the QLD Powers of Attorney Act, this is a timely article about preparing for retirement and the critical role a professionally crafted Power of Attorney can make to your retirement plans.

There are critical changes to the definitions of conflict transactions and the law of ademption. If you have left a specific gift in your will and your Power of Attorney disposes of that gift, there is now a complex and expensive process of compensation that applies.

If you want to know more about this, please contact us on (07) 55 294 458

#powerofattorney #legaladvice #retirementplanning #planningforthefuture #goldcoastlawfirm #wills #elderlyplanning