A power of attorney is a document which appoints a person to act on an individual‘s behalf in relation to the appointor’s property and financial affairs.
If an attorney is appointed, this does not mean that the individual has given away their own right to make decisions. That individual can continue to make their own financial decisions and deal with their assets. However, if they become unable to do so then their attorney can do so for them.
With more and more people suffering from mental incapacity, either through age-related dementia, or while suffering a condition that in an earlier time they would not have survived, an enduring power of attorney is vitally important for all of us.
Enduring Power of Attorney
A power of attorney that continues to have effect despite the grantor’s mental incapacity is an enduring power of attorney. For added protection we can ensure that the power only takes effect when the grantor loses that mental capacity.