Assets in multiple states – the power of attorney solution
One aspect of the Australian estate planning system that lawyers and advisers have resigned themselves to accept, but which clients often find ludicrous, is the fact that every Australian state has a different set of power of attorney forms required to be completed as part of a comprehensive estate planning exercise. In fact, several states actually call the documents by entirely different names, making it very difficult for non-lawyers to get their head around the entire system.
This week’s blog post tackles the topic of enduring powers of attorney and the options available for clients where they own assets in several different states.
This is my very first VLOG (video blog), so please be kind!