An Enduring Power of Attorney is a document which enables you to choose and appoint who it is that you would like to have responsibility for looking after both your personal affairs and your financial affairs in the event that you are unlucky enough, through accident or illness, to lose your mental capacity at some future point in time. The most important point about this type of document is that it is only ever intended to become effective IF you lose your mental capacity at some future point in time. An Enduring Power of Attorney can be an extremely important document that can significantly ease the problems your family may have in dealing with your affairs. The purpose of an Enduring Power of Attorney is to enable somebody of your choosing to have the entitlement to manage your financial and personal affairs for you if you lose your mental capacity at some future date. If you lose your capacity through illness or accident and do not have an Enduring Power of Attorney in place you could end up being made a Ward of Court. The Wards of Court process is a court based process and everything that is done for someone under that process is done by application to the Wards of Court Office. It is therefore very time consuming and can be very expensive. However, if you have an Enduring Power of Attorney in place the process is much more straightforward and your nominated attorney will be entitled to manage your financial and personal affairs for you much more easily.
The only way you can specifically authorise anyone to have your permission to act on your behalf during your lifetime in the event of you losing your Mental Capacity is under the terms of an Enduring Power of Attorney. This is one of the most important aspects of the whole concept.
This is the primary reason for which the Enduring Power of Attorney is so important. It empowers you to make the choice and to retain control over who will have the significant responsibility of looking after things for you if you are no longer capable of doing that due to diminished capacity.
The main reason therefore why you should consider creating an Enduring Power of Attorney is so that you retain control over who you want to have the responsibility of looking after you if that becomes necessary. It’s your choice who you appoint to act as your attorney and it’s your choice as to whether you give them your full authority to act in all circumstances for you or if you choose to restrict their powers to certain specific areas.
Another significant benefit to you of creating an Enduring Power of Attorney
is that you can choose to allow your nominated attorneys to have your authority to make personal care decisions about you and you can direct what their authority in that area is to be. This can give you significant peace of mind in knowing that the person or people you trust most will not only be looking after your financial affairs, they will also be looking after your personal affairs as well. The type of decisions they will be able to make are decisions about things like where you live, who you live with, your diet and dress and other very personal decisions which directly affect you.
This can be a very comforting aspect of the process and is also one of the most significant reasons for considering creating an Enduring Power of Attorney
The EPA enables you to exert a significant element of choice over who is to look after your financial and personal affairs if the situation exists where you can no longer do that for yourself. This can help alleviate the possibility of disputes breaking out among your family members about whose turn it is to look after you or about how to manage your finance for your benefit. This is also a very important aspect of what an Enduring Power of Attorney does and it can be a great comfort to many people to know in advance that they have made the decision about these important issues.
An Enduring Power of Attorney can have a significant benefit not just for you but also for your family in the event that it becomes necessary to invoke or activate it for you at some future point in time.
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