From www.smsfadviser.com: Documenting when an enduring power of attorney can act on behalf of an SMSF member can prevent conflicts.

EPOAs can act immediately or only after the principal loses capacity, and the timing differs between financial and personal matters.

Adapting the Power of Attorney documents to individual situations helps prevent potential disagreements, particularly in complex family circumstances. This is done by establishing boundaries on the power and decision-making authority of the attorney.