What is the difference between a Power of Attorney and Enduring Power of Attorney? Why is an Enduring Power of Attorney so important?
Power of Attorney
A Power of Attorney is a document where someone appoints someone for a specified period of time to sign documents on their behalf in relation to certain matters such a signing contracts to sell a property. The person appointed has this power from the time you sign this documents.
Enduring Power of Attorney
How do I protect myself and my family in the event I become incapable of managing my affairs becuase of mental incapacity? An Enduring Power of Attorney is a document where someone appoints a family member or friend called an Attorney to look after your affairs in the event that you become unable to do so because of mental incapacity.
If you suffer a mental incapacity and have not executed an Enduring Power of Attorney, your family will have to apply to the High Court to have you made a Ward of Court. This can be a lengthy and expesnive process. It is considerably cheaper and quicker to register an Enduring Power of Attorney.
An Enduring Power of Attorney is a safety net to ensure you get to decide who looks after your affairs if you suffer a mental incapacity. It is a safety net and gives you piece of mind and security.
We have prepared many Enduring Powers of Attorney on behalf of clients and put their mind at ease.
