Protecting your money as you get older
How BOQ is here to support you
As you age, what you need from your money changes. Often, this means making plans to protect yourself and your money for the years ahead.
It's important to plan ahead so you can make informed decisions about what might work for you as your needs and priorities change.
Financial administration
A financial administration order or financial management order is a legal process designed to help protect people who may be unable to manage their own finances.
Loss of decision-making capacity
As you age, your capacity for handling financial, legal, healthcare and lifestyle decisions may decrease or disappear entirely.
Elder financial abuse
Financial abuse can happen to anyone, particularly those who depend on others. Knowing more about elder financial abuse can help you and your loved ones recognise it and take steps to prevent it from happening.
Power of attorney
Having a power of attorney in place can be a helpful way to manage your finances by appointing someone you trust to act on your behalf in your best interests.
Third party authority
Throughout your life there may be circumstances when you wish to grant someone access to an account or allow someone to help you manage your financial affairs.
Support services & resources
There are a range of external support services available that can help you understand and make decisions in relation to authorities and managing your financial affairs in your state or territory.