An EPOA enables a trusted person to take control if you loose capacity for example an accident or dementia. The EPOA will activate in the event that you are not in a position or no longer have the capacity to make those decisions yourself. These may include financial, medical or other general or specific areas – you can nominate a trusted person to act as your EPOA and therefore to act in your shoes.
Please note that EPOA requirements may vary between states. You can download the EPOA forms for each state using the links below:
Are personal assets at risk if a Power of Attorney (POA) is appointed for an SMSF?
The Power of Attorney can be limited solely to assets held within the SMSF. As best practice, the EPOA document should clearly state that the authority applies only to SMSF-related matters and does not extend to the individual’s personal assets.