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Written by Donegans
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Wednesday, 03 March 2010 12:30 |
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Enduring Power of Attorney A Will determines what happens to a person’s estate in the event of their death. The Will sets out their wishes,
details how their estate will be dealt with and only comes into effect when a person dies. If a person loses the ability to take care of his/her affairs as a result of an accident, disability or illness, the Will gives them no protection. The Enduring Power of Attorney covers this eventuality. An Enduring Power of Attorney is a legal document that allows you to select/nominate somebody else to look after your affairs should you become mentally incapable of looking after yourself. You appoint the person to look after your affairs in that event. You must also nominate two persons who must be formally informed if and when the Power of Attorney is activated. Drawing up the Enduring Power of Attorney allows you dictate who will manage your assets if you cease to have the mental capacity to do so yourself. Due to advancements in health, people are living longer. This extension of life has increased the proportion of elderly people who will suffer from some form of senile dementia, including Alzheimers disease. This can create an emotional burden on relatives and friends which can in turn make it difficult for that person’s relatives or friends to deal adequately with the elderly person’s affairs. These difficulties can be greatly reduced by advance planning and by preparing an Enduring Power of Attorney. Anybody involved in business should create an Enduring Power of Attorney so that if they become mentally incapacitated by reason of an accident, disability or illness, that they will have an individual appointed who will be able to adequately run their affairs and their business. Please contact me Linda Harney, Solicitor at
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for further information. |
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Last Updated on Wednesday, 10 March 2010 10:53 |
