What Is An Enduring Power Of Attorney?
Your Enduring Power of Attorney document appoints someone to handle your financial affairs in the event that you lose the mental capacity to do so yourself.
Can I appoint a Professional Attorney?
In short, yes. In addition to appointing a Professional Executor, you can also appoint a Professional Attorney to make your financial decisions. This Professional Attorney could be your lawyer or accountant, or it could be a trust officer at a bank or at a general trust company.
Many of our clients has asked us to be their Executor and Personal Attorney. To learn more about our services in acting as your Professional Attorney, please contact our office to book an appointment. We would be happy to walk you through the process and answer any questions you may have.
When does my power of attorney come into effect?
Your power of attorney can be either immediate or springing. If it is immediate, it will come into effect as soon as you sign the document. If it is springing, it will come into effect upon mental incapacity.
What is the difference between a normal Power of Attorney and an Enduring Power of Attorney?
A normal Power of Attorney will cease to be in effect once you suffer a loss of mental capacity, whereas an Enduring Power of Attorney continues to be in effect (or takes effect) upon mental incapacity.