ENDURING POWERS OF ATTORNEY
WHO WOULD YOU TRUST TO MAKE DECISIONS FOR YOU
IF YOU WEREN'T ABLE TO?
Whilst most people are aware of the benefits of making a Will, fewer
people understand the benefits of having an Enduring Power of Attorney.
This allows you to appoint someone to look after your assets and make
legal decisions on your behalf if you become physically or mentally
incapable. Because you need to be 'of sound mind' when you sign the
authority, it is important to have the documentation completed before
any mental deterioration takes place.
Unfortunately, this can occur over
an extended period of time, it makes sense to set an Enduring Power of
Attorney in place at the same time you have your Will prepared.
You can choose sole or joint attorneys. A popular method is to
appoint your spouse or partner then two other family members as
substitute attorneys in the event that your partner dies before you or
becomes incapacitated.
Your attorney is required to become responsible for your financial
wellbeing and act on your behalf to protect your interests.
When we prepare your Enduring Power of Attorney you can decide
whether you want the document to take effect immediately - or at a later
date should you lose your decision making capacity.
|