Power of Attorney
A Power of Attorney is a document that gives another person the power to act on your behalf.
The power can be limited to a specific purpose, eg operating a bank account or selling property; or it can be a general power that permits the Attorney to carry out any financial business that you can lawfully do yourself.
A standard Power of Attorney ceases to operate if you lose the mental capacity to manage your affairs.
An Enduring Power of Attorney is required if you want the Attorney to be able to act on your behalf if you lose mental capacity.
An Enduring Power of Attorney enables you to appoint an Attorney now but only authorises the Attorney to act when you become incapable of doing so yourself.
The granting of a Power of Attorney is an important decision and you should only appoint an Attorney that you trust.
Being an Attorney is a position of great trust and importance and carries with it a high level of responsibility.
You need expert and experienced advice when considering granting a Power of Attorney, or accepting the role of Attorney.
Talk to Tierney Law.