An enduring power of attorney is a legal document that allows you (the principal) to nominate one or more persons (referred to as attorneys) to act on your behalf. An enduring power of attorney gives the attorney the authority to manage your legal and financial affairs, including buying and selling real estate, shares and other assets, operating your bank accounts and spending money on your behalf.
This means that in the event you go overseas, are hospitalised, your mental health becomes unstable, or you are otherwise unable to manage your own legal and financial affairs a person/s of your choosing may continue to manage and maintain your assets and affairs.