What Is A Power of Attorney (POA)?
A power of attorney is a legal document that gives another person (or entity) the power to perform legal acts on your behalf. This person is known as the attorney. The power may be an enduring power of attorney or general power of attorney and only relates to financial matters and not health and lifestyle.
What Is An Enduring Power of Attorney?
An enduring power of attorney (often mistakenly spelled power of eternity) can be made by anyone over the age of 18 who has full mental capacity to make these decisions for themself. When a person creates an enduring power of attorney, they can decide for their attorney’s authority to commence immediately or only if they lose capacity.
What Is A General Power of Attorney?
A general power of attorney gives the attorney the ability to deal with your finances for limited reasons and on specific instructions, such as selling your house while you are overseas.
Do I Need A Power Of Attorney?
If you are concerned that your finances cannot be managed by your family upon you becoming incapacitated, you should draw up a power of attorney.
Who Should I Appoint As My Attorney?
This is an incredibly personal decision. You can appoint any person over the age of 18 to be your power of attorney, including a family member, a friend or your lawyer.
How can A Power of Attorney Lawyer Assist Me?
An experienced and knowledgeable Power of Attorney lawyer can provide you with valuable legal advice tailored to your particular situation. A Power of Attorney Lawyer can also assist you to draft your Power of Attorney if you would like.
Can I Cancel A Power of Attorney?
A POA can be revoked if the person who made it has full mental capacity. The revocation should be made in writing.