Powers of Attorney
There are other types of Powers of Attorney, but the three in most common use are:
Financial Powers of Attorney – Personal Powers of Attorney – Appointments of Medical Treatment Decision Makers
Pursuant to the Powers of Attorney Act 2014. These entitle the attorney to handle financial matters generally, including relating to real estate, bank accounts, investments, pensions and payment of bills. The modern form provides substantial flexibility, including as regards the number of attorneys required to sign documents, backup attorneys and the time at which the power is commence.
Again pursuant to the Powers of Attorney Act 2014. These relate to decisions about living arrangements, including as to the decision to leave home and go into nursing or respite care; and
Appointments of medical treatment decision makers
Pursuant to the Medical Treatment Planning and Decisions Act 2016 (Vic.) This document, which replaces the old appointment of medical agent, is now also quite flexible and provides a number of options. However there can be only one medical treatment decision maker at any given time.