What Is A Power of Attorney?
A power of attorney is a legal document that gives another person (or entity) the power to perform legal acts on your behalf.
The power may be an enduring or general power of attorney and only relates to financial matters, not health and lifestyle.
What Is An Enduring Power?
An enduring power of attorney has the ability to be set out in such a way as to take effect immediately and continue until the death of the Principal despite an intervening incapacity.
What Is A General Power?
A general power 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 You 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.