Making a Power of Attorney helps ensure that, in the event of an accident or illness, there is an individual or organisation to manage your financial and legal affairs. Equally important is ensuring that the person appointed as your attorney will act in your best interests and make decisions that are of benefit to you.
Studies show that we are living longer, but instances of dementia are increasing. This can lead to a greater reliance on family to provide additional care and support. There can be situations where the expectations of inheritance can be at odds with quality care and accommodation needs.
An elderly woman contacted NSW Trustee & Guardian to make a will. On a visit to her home, staff found her living in the back room of a large, derelict property. The building was in a state of disrepair and there were security concerns.
Further investigations found that the woman's family were aware of the situation but did not want the expenses of aged care accommodation to be funded by the sale of a valuable piece of real-estate. The woman made a Power of Attorney and appointed NSW Trustee & Guardian as her independent attorney.
Arrangements were made for appropriate accommodation with residential care. Financial abuse does not always involve neglect. It can include misuse of funds, forgery of documents, denial of access to funds, fraudulent purchases and forced changes to financial arrangements.
NSW Trustee & Guardian recommends getting expert advice in relation to your financial independence and the care you may need. With over 100 years of experience, NSW Trustee & Guardian can help you with your planning ahead needs and be appointed as your independent attorney.
For more information, contact the Wagga branch located on 176 Baylis street by calling 1300 721 601 or visiting www.tag.nsw.gov.au