hi,
I have been recently appointed by VCAT, administrator of a relatives financial and legal matters. This relative receives a pension. My understanding is that I need to open an account in the relatives name and then Add Power of attorney to this account so that I have full control and can pay bills, etc from this account. Is this correct?
I also am not clear as to whether the relative will have access to this account as it is in their name or is their access restricted once I have power of attorney.
Thank You
Greg
I have been recently appointed by VCAT, administrator of a relatives financial and legal matters. This relative receives a pension. My understanding is that I need to open an account in the relatives name and then Add Power of attorney to this account so that I have full control and can pay bills, etc from this account. Is this correct?
I also am not clear as to whether the relative will have access to this account as it is in their name or is their access restricted once I have power of attorney.
Thank You
Greg
