Appointing someone as your attorney under a Power of Attorney is a precautionary matter so that your business and financial affairs can be conducted by someone sensitive to your needs. A Power of Attorney can be revoked at any time and ceases to be valid on your death, or when you lose legal capacity.
An Enduring Power of Attorney specifically provides that it will continue to be effective even if you lose legal capacity after you have signed it.
Usually people appoint their spouse, then one or more of their children jointly and severally as back-up attorneys. It is a good idea to appoint second choice attorneys in case your first choice dies or becomes incapacitated, although care should be taken not to allow one child unrestricted powers. You should only appoint someone you trust. Please note that children under 18 years cannot be appointed. People appointed as your attorney must sign acceptance of appointment before it comes into effect.
What it costs
Please contact Next Generation Estate Planning Lawyers to discuss your particular requirements. We will explain what we will do for you, how long it is likely to take, and give you a costs estimate. There will be no charge for the first consultation.
If you would like to appoint an enduring power of attorney, please complete this instruction form and return it to us.