Following on from our recent updates the new Powers of Attorney Act will come into effect on 1 January 2015. The date has been brought forward from 1 September 2015.
The new powers of attorney documents, will be a combination of the Financial Power of Attorney and Enduring Guardian forms but are yet to be published so we will keep you updated on further developments.
1 January 2015 is a significant date given that not only will the new Powers of Attorney Act come into effect but it is the same date that the new amendments as to who can bring an estate challenge will also come into effect. To read about this please click here.
To read our recent update on the changes to Power of Attorney please click here.
If you would like to discuss the changes or the impact they are likely to have, please contact a member of our Estate Group on (03) 8600 8885.
Note: This update is a guide only and is not intended to constitute legal advice.