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KOI [2011] TASGAB 7
An attorney - the person you appoint to manage your finances if you ever become incapable of doing it yourself - has a lot of power. Maybe that's why they call it "Power of Attorney"...
In this case $175,000 was being held in trust for the benefit of an 81 year old man who didn't have much use for it. His son was his attorney and wanted to give the money to himself and his siblings.
The son didn't know if he was authorised to do this as the attorney. So he sought the advice of the Guardianship and Administration Board of Hobart.
THIS IS NOT LEGAL ADVICE.
By Tanya ChapmanKOI [2011] TASGAB 7
An attorney - the person you appoint to manage your finances if you ever become incapable of doing it yourself - has a lot of power. Maybe that's why they call it "Power of Attorney"...
In this case $175,000 was being held in trust for the benefit of an 81 year old man who didn't have much use for it. His son was his attorney and wanted to give the money to himself and his siblings.
The son didn't know if he was authorised to do this as the attorney. So he sought the advice of the Guardianship and Administration Board of Hobart.
THIS IS NOT LEGAL ADVICE.

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