Powers of Attorney gives the authority to act for another person in specified or all legal or financial matters.
There are 2 main types of Powers of Attorney:
- GENERAL POWER OF ATTORNEY This is an authority you give to someone to handle your affairs (normally property, banking, etc) if you were going overseas. Like all Powers of Attorney, it can be cancelled by you without having to give a reason. If however you become mentally incapable (e.g. suffer from an accident overseas) then a General Power of Attorney ceases.
- ENDURING POWER OF ATTORNEY There are two forms of Enduring Power of Attorney; one for Care and Welfare and another for Property.The main difference with an Enduring Power of Attorney compared to a General Power of Attorney is that if you become mentally incapable then the Enduring Power of Attorney continues and, obviously, if you do become mentally incapable the Enduring Power of Attorney cannot then be cancelled.
Contact us to make an appointment with John O’Shea or Helen Monckton