B: Powers of attorney

Nota:

• - Powers of attorney act 1971 - Determines length of power & authority for intended transactions - Power withdrawn on mental incapacity of donor - Revoked on death, bankruptcy, or expiry of specified time period - Donor may cancel at any time

1. Someone who has left the country for a long period
2. An elderly person who wants someone else to handle their affairs
3. Operating bank accounts
4. Paying bills
5. Buying/selling investments