If you are traveling overseas for an extended period of time or planning to relocate to another country, you may want to hire your friends or family to look after your real estate and other assets in the Northern Territory. This not only saves you a regular trip to your home country, but also your money.
In this guide, we explain what exactly a general power of attorney is, how it works, and where to get free templates.
A general power of attorney (NT) is a legal document in which the “client” or “donor” appoints an “attorney” or “doers” to make financial decisions on their behalf. These financial decisions include selling or renting your home, or paying your bills. Lawyers can be people close to you, e.g. For example, a family member or friend, provided they are not financially dependent on you.
A general power of attorney can only be created if the client is reasonable and able to make decisions. The document is deemed to be invalid if the client loses his ability to make decisions or dies.
In land transactions, the attorney must register with the land title office before he can act on behalf of the principal.
Download this template from Lawpath
To use the General Power of Attorney (NT) document, the ownership and finances of the principal must be in the jurisdiction of NT.
As a client, you should use the general power of attorney if you travel overseas for a longer period and want to entrust someone with your financial decisions. The appointed attorney can pay your bills, invest your money, and buy or sell your assets. You can also use a general power of attorney if you want to get away from financial burdens for a while.
In order to create a power of attorney, the client must be able to make decisions and be reasonable.
A general authority and the advanced personal plan are different types of authority. They differ in their level of authority, validity, and responsibilities of the attorney.
A general power of attorney can only make financial and related legal decisions on behalf of the donor, and this binding document is only valid until the donor cancels it, dies, or is unable to make decisions.
An advanced personal plan generally takes effect when the donor is unable to make his or her own decisions due to age, illness, or accident. In this case, the lawyer can make lifestyle, legal, and financial decisions on their behalf. Here the lawyer can decide which treatment the donor needs to undergo and where to invest his money. The donor can appoint an attorney to make decisions on their behalf immediately or at any time after they are unable to make their own decisions.
What does a General Power of Attorney (NT) include and what does not?
The document is a legal and formal form that contains a description of the attorney’s powers.
Included
The document contains:
- A statement confirming the appointment of the lawyer who is at least 18 years old.
- A description of the authority, indicating the authority and scope of authority conferred on the attorney.
- Date of beginning of powers and period of validity of the document. If the document does not have a fixed end date, it will become invalid if the client loses his ability to make decisions or dies.
- Signatures of the witness, the client and all lawyers. The witnesses include the justice of the peace, the oath commissioner, a police officer or a lawyer.
Not included
- The document does not give the attorney any powers other than financial controls.
Once signed by all parties, the form becomes a legal document that is valid in the event of a dispute in court.
Do I need an attorney for a general power of attorney?
A lawyer does not need to be established for a general power of attorney. However, since this is a legal document, you may want to have a lawyer review it once you have completed the form. In financial transactions, it is better to seek legal advice to avoid future disputes.
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You can write a power of attorney (NT) yourself. However, you should make sure that there are no errors or they will become invalid. When writing the document, it is advisable to have a lawyer review it. Alternatively, you can download the general authorization forms from verified websites.
A power of attorney form in NT must be completed and signed with a pen (not electronically) and submitted in person or by post to the Land Tiles office.
Where to get free legal documents and templates, e.g. B. a general power of attorney (NT)
You can download general power of attorney forms from the NT government website or customize your general power of attorney document from Lawpath. Here you can register for free and print out the document to be filled in with a pen.
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