There are laws in each State and Territory about what happens if a person is incapable of looking after their personal and/or financial affairs. For personal management issues such as health care and accommodation decisions, a guardian can be appointed. For financial matters, a financial manager can be appointed to look after property banking and money management. It is possible to make a personal choice of guardian as well as financial manager, at any stage of adult life up to the time incapacity occurs. Choice of guardian is made by signing an appointment of enduring guardian. Choice of financial manager... sign in to read more!
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