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
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