What is a Power of Attorney?
A Power of Attorney is a legal document that gives a person or organisation the authority to manage your financial affairs and assets and make legal and financial decisions of your behalf. There are two types of Power of Attorney documents: A General Power of Attorney and an Enduring Power of Attorney.
A General Power of Attorney allows you to provide someone with the authority to make financial and legal decisions on your behalf while you have the capacity to make decisions for yourself. An Enduring Power of Attorney allows the person to continue making financial and legal decisions on your behalf even in the event you lose decision-making capacity.
What can your Appointed Attorney do on your behalf?
Your Power of Attorney will allow the appointed person or organisation to manage your financial affairs on your behalf. This includes for any reasons including:
If you have a company, you may also prepare a Company Power of Attorney to allow a person or organisation to manage the financial affairs of your company on your behalf. A Company Power of Attorney is a General Power of Attorney. This is a separate legal document to the Individual Power of Attorney.
At Tajik Lawyers, our Wills and Estates lawyers are here to help. We will guide you through the process by first obtaining your instructions and wishes, discussing the most suitable legal document in your case, drafting your Power of Attorney (individual and/or company), and safely storing any executed documents in our safe custody for no additional charge. We also provide out of hours appointments should you need to consult a solicitor urgently. We can visit you at hospital, at home or nursing homes should you be unable to attend our offices.
Contact us today to enquire about your Power of Attorney options.
