Preparing and Activating Your Power of Attorney

A Power of Attorney (POA) in Victoria brings you peace of mind. It means you have given someone the legal authority to make decisions on your behalf if ever you’re unable to do so (be it short or long-term). However, unfortunately, many Victorians leave this vital step until it is too late. When a Power of Attorney is not in place, families can face anxiety, frustration, delays, and uncertainty at a time when they most need clarity and support. State Trustees Power of Attorney experts, Craig Edmonds and Narelle Lowdell, have witnessed the real-life effects of not having a Power of Attorney in Victoria. They’ve also seen the relief that comes with planning ahead. In this short video, they explain what a Power of Attorney is, why it matters, and how you can plan and activate one to protect your future wishes. Power of Attorney - Video Time Stamps 0:00 - Intro 1:04 - What is a Power of Attorney? 1:55 - Types of Powers of Attorney in Victoria and what they cover 3:34 - What is the difference between a 'general' Power of Attorney and an 'enduring' Power of Attorney? 4:14 - Why are Powers of Attorney important? 4:53 - Understanding decision-making capacity 6:51 - How to activate or cancel a Power of Attorney 7:54 - What are the benefits of having a Power of Attorney 9:06 - What happens if you don't have a Power of Attorney? 9:48 - How can you appoint an enduring Power of Attorney with the help of State Trustees? 10:37 - Who can I appoint as my Power of Attorney? 11:59 - How can State Trustees help you as your Financial Attorney? 12:20 - Activating State Trustees as your enduring Power of Attorney 13:55 - Case Study: Financial Relief for Aged Care Resident 15:44 - Have questions or want to contact us? Powers of Attorney Resources & Links Information in this video was accurate at the time of recording; please visit our website for the most current product and service details: State Trustees - https://www.statetrustees.com.au/ Book an Appointment - https://www.statetrustees.com.au/will... Contact Us - https://www.statetrustees.com.au/cont... Fees and charges - https://www.statetrustees.com.au/fees... Financial Services Guide - https://www.statetrustees.com.au/wp-c... If you found this Power of Attorney in Victoria video helpful, please Like and Subscribe. Stay up-to-date with more simple, expert guidance on Wills, POAs, and planning ahead in Victoria. #powerfattorney #powerofattorneyvictoria #enduringpowerofattorney #statetrustees #protectyourfuture #financialwellbeing #planningahead