Q: I am the appointed power of attorney for a 73-year-old lady with Parkinson’s disease who has a number of financial assets, one of which I discovered is a capital guaranteed super account that has a balance of $474,000 and only earns about 1.5 per cent interest.

She initially made four nephews beneficiaries with $100,000 each however when it was explained to her that they would pay 17 per cent tax as non-dependents she altered her will to make her personal representative the beneficiary so that person could then distribute $100,000 to each of her nephews.