Power of Attorney
A Power of Attorney is a legal document that allows another person to act on your behalf.
It ensures that important matters are dealt with by someone you trust if you are unable to deal with them yourself. There are different types of powers of attorney and the powers vary. The most common powers of attorney are a General Power of Attorney and an Enduring Power of Attorney.
The main difference between them is that a General Power of Attorney ceases when you are incapable of acting in a situation yourself, while an Enduring Power of Attorney remains in force until it is revoked or death.
Granting of a Power of Attorney is complex, and while it is a very useful and sensible thing to do, there are serious risks associated with it.
