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.
The reasons may include:
- Extended travel
- Difficulty in accessing services due to remote location or limited physical ability
- Requiring support in managing your money yourself.
Keep in mind that authorising a third party access to your money and financial affairs can increase your exposure to risk of financial abuse.
It is important that you only give authority to someone you trust and who will look out for your best interests. Take time to seek advice when considering a third party authority over your accounts or financial affairs as there are different options and considerations. This can help you understand what is right for you.