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Public Trustee is highly experienced in the administration of personal financial estates under the authority of Enduring Power of Attorney. When Public Trustee accepts the role of attorney, written instructions are taken from the client regarding the actions to be taken. These actions can vary from simply storing the document until such time as the client or their doctor advises that it is time to commence the administration of finance, to immediately assuming responsibility for the management of all day to day finances and asset management.
The more basic services include paying regular accounts such as electricity, chemist, telephone and accommodation fees. More complex matters such as property management, the sale of real estate or management of an investment portfolio can also be done. The level of service can be varied to meet changing circumstances and so long as the client is medically competent to give instruction, the attorney acts as an agent and must follow those instructions. If the client loses this competency, Public Trustee as attorney will then act as the client's trustee and is charged with making decisions for their benefit.
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This service allows clients to maintain control of their financial estate while having Public Trustee take care of the onerous duties. Clients can leave everything from the payment of the chemist account or the processing of a Medicare claim to Public Trustee. They also gain the benefit of the resources of Public Trustee when it comes to the sale of real estate and investors also gain access to Public Trustee's investment products.
For more information contact
Tony
DeIonno
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