‘Sometimes it has led to heated family arguments, but when things go well, I enjoy
myself knowing that everything is fine, safe and under control’ – Principal, FEPOA not in
use
‘I had [an] argument with the appointed decision maker a few times, so I am always
apprehensive.’ – Principal, FEPOA is active
‘Caused alot [sic] of tension in my family because the ones who were not appointed felt
I didn’t love them’ – Principal, FEPOA not in use
‘I was afraid that my appointed decision maker would gamble all the money’ – Principal,
FEPOA not in use
‘All parties were helpful and prepared to act in my best interests. I feel confident in my
decisions on appointees and [their] abilities.’ - Principal, FEPOA not in use
Figure 38 – Principals and appointed decision-makers who considered these factors
Would listen to, respect and act on the principal's wishes
Was willing to take on the role with all its responsibilities
Had knowledge about what the principal wanted and valued
Could communicate effectively with others and resolve disagreements
Could manage property and/or money well
Had the confidence to speak up on the principal's behalf
Had the skill and time to perform the role
Could handle the emotional toll of the role
Could stay calm in a crisis
Could manage difficult family dynamics
Lived in proximity to the principal or could manage from afar
Understood and respected the principal's culture/community connection
Would inherit when the principal passed away
Was experiencing personal difficulties
0
Appointed Decision-Makers
46
50
Principals
Empowering futures: A national survey on the understanding and use of financial enduring powers of attorney
100