People who have been principals were significantly more likely than either appointed decision-makers or the control group to have been a witness (27% principals, 21% appointed decision-makers, 8% control group) or have been involved in an FEPOA through work (16% principals, 7% appointed decision-makers, 5% control group). Despite this, seven in eight (87%) Australians had not set up an FEPOA for themselves. The top 3 reasons given for this were not having thought to do it (38%), being too fit and healthy (32%) or being too young (25%) to consider one. Q11 Figure 8 – Why have you not got an FEPOA for yourself? You haven’t thought to do it 38% You’re fit and healthy 32% You’re too young 25% You haven’t heard about it before today 21% You trust that your family or community will look after you 21% You worry about handing control or information over to someone else 13% You’ve been meaning to, but haven’t yet 12% It’s too costly 11% Process is too complicated 8% You don’t have anyone to appoint 7% Other Don’t know 3% 7% Q.11. Which of the following best describes why you haven’t got a FEPOA for yourself? Please select all that apply. Base: Nat rep sample who have never been principals in FEPOAs n=1,995 Most appointed decision-makers who had not yet set up an FEPOA for themselves were planning to, either in the next 5 years (29%) or at some stage in their future (46%). Q12 ‘…I will no doubt look into giving my daughter FEPOA in a few years or so. I had it for my mum and it worked well with no dramas (and I have 7 siblings, so it can work if everyone has the best interests of the Principal in mind)’ – Appointed Decision-maker Figure 9 – Are you planning on setting up an FEPOA in the future? 46% 29% 11% Yes – in the next 5 years Yes – at some stage in the future No Q.12. Are you planning on setting up a FEPOA in the future? Base: All decision-makers who have never been principals n=401 22 Empowering futures: A national survey on the understanding and use of financial enduring powers of attorney 14% Unsure