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Financial Attorney

A financial attorney protects and administers your assets in the event you lose capacity.

You can be confident Australian Unity Trustees will always act in your best interests.

It is in almost everyone’s best interests to have given someone full authority to deal with their legal and financial affairs (a financial attorney) so they can undertake appropriate actions in a timely manner if you were to lose capacity. 

If you do not have an enduring power of attorney in place, no one is appointed legally to act on your behalf and manage your assets such as your bank account or superannuation at a time when you are already vulnerable and need it most.

What is a financial attorney?

For a power of attorney to remain valid after you lose your capacity, you must make an ‘enduring’ power of attorney while you still retain capacity. Our legal professionals specialise in the creation of these documents and will ensure they are very clear in outlining your wishes.

Who can you appoint as your financial attorney?

Some people appoint a close family member or friend as their financial attorney, without realising the extent of the burden they are placing on that person. There are many tasks to perform, and it can also be emotionally draining where there are disputes over the management of your financial and legal affairs.

It is possible that person may not always have the time or expertise to act in your best interests, no matter how well intended they are.

For this reason, many people choose to appoint a trustee company such as Australian Unity Trustees to act as their financial attorney.

You will be our client and our duty of care will therefore always be to you – ensuring your wishes are always observed.

As your financial attorney, we will also liaise with your circle of support as appropriate to ensure they understand your wishes and the process, and answer any questions they may have.

The Client Manager dedicated to you will ensure your best interests are at the forefront of all decisions made on your behalf.

Our Attorney Assist service

If you have been appointed as a financial attorney and are looking for assistance and guidance, the Australian Unity Trustees Attorney Assist service can help you in your role. We have the specialist legal, financial and taxation advice to provide you with the tools and skills you need to get the best outcomes.


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Disclaimer

This information is provided by Australian Unity Trustees Ltd ABN 55 162 061 556, of Level 7, 189 Flinders Lane, Melbourne, VIC 3200, AFSL, 483220. Australian Unity Trustees Ltd is a wholly owned subsidiary of Australian Unity Limited. Any advice on this site is general advice only and does not take into account the objectives, financial situation or needs of any particular person. It does not represent legal, tax, or personal advice and should not be relied on as such. You should obtain financial advice relevant to your circumstances before making any decisions. You should seek specialist advice from a tax professional to confirm the impact of this advice on your overall tax position. Information on this site is intended for Australian residents only and any access to this material via the internet is subject to the Terms and Conditions of Use of our website and our Privacy Policy. Please refer to our Financial Services Guide and Fee Schedule.

Nothing on this site represents an offer or solicitation by Australian Unity Trustees Ltd in relation to securities or investments in any jurisdiction. Where a particular financial product is mentioned, you should consider the Product Disclosure Statement before making any decisions in relation to the product and Australian Unity Trustees Ltd makes no guarantees regarding future performance or in relation to any particular outcome. Whilst every care has been taken in the preparation of this information, it may not remain current after the date on which it is published and Australian Unity Trustees Ltd and its related bodies corporate make no representation as to its accuracy or completeness.