30 Sep Enduring Powers of Attorney
An Enduring Power of Attorney is a simple way of ensuring that if for any reason you become incapacitated, or are unable to manage your affairs, the person you have appointed as your attorney can attend to these matters for you.
They are powerful documents however in that they continue to have effect in the event of you becoming incapacitated mentally, so you should exercise care in your appointment.
There are two types of attorney, Property (in which two people can act as an attorney) and Personal Care and Welfare (in which you can only have one attorney). The Welfare attorney only comes into effect when you become mentally incapacitated, whereas the Property attorney can have effect immediately if you wish.
Auckland Lawyer, Ian Mellett BComm LLB H Dip Tax is a Barrister and Solicitor at Auckland Law firm, Quay Law. Quay Law provides services in Wills and Estate administration, Estate Planning, Trusts and Asset Protection, Relationship Property, as well as Conveyancing, Commercial, Immigration and other areas of law.
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