Appointed decision-makers were more likely to select: l misuse or theft of the principal’s money (49% appointed decision-makers, 32% principals) l financial abuse (41% appointed decision-makers, 27% principals) Q44 conflict within the family (39% appointed decision-makers, 33% principals) l l the appointed decision-maker(s) go against the principal’s wishes (38% appointed decision-makers, 30% principals). A quarter (24%) of principals have, or have wanted to, change or cancel their FEPOA. Figure 50 – Principals who have wanted to change or cancel their FEPOA Yes, wanted to change or cancel it Yes, have changed or cancelled it 12% 12% 24% H a d c h a n g e d o r c a n ce l l e d t h e i r FEPOA o r h a d wa n ted to No 76% Q.44. Have you ever wanted to change or cancel your FEPOA? Base: All principals n=537 Of those who have, or have wanted to, change or cancel their FEPOA, the most common reason was a change in relationship with an appointed decision-maker (44%). The second most common reason was that they had concerns about the appointed decision-maker (30%). Q45 Figure 51 – Reasons principals have wanted to change or cancel their FEPOA 44% 30% 29% 29% 7% Change in relationship Concerns about the with a decision-maker appointed decisionmaker(s) The appointed decision-maker(s) is no longer able to perform duties An appointed decision-maker or principal moving overseas or interstate Q.45. Why was this? Base: Principals who have or have wanted to change or cancel their FEPOA n=136 54 Empowering futures: A national survey on the understanding and use of financial enduring powers of attorney Other