POWERS OF ATTORNEY
A Power of Attorney is a legal document which authorizes a named person or persons (the Attorney) to handle the financial affairs of another person (“the Donor”). If the Power is to continue after the Donor has become mentally incapable, a Lasting Power of Attorney is required. A Power of Attorney need not become effective immediately and whilst it is never too early to appoint an Attorney, accident or illness can strike at any time and it can, in consequence, be too late.
Power of Attorney
If all that is required is for a person’s affairs to be looked after for a temporary period or for the Donor to deal with specific matters an ordinary Power of Attorney will suffice. The Power may be generally unlimited to deal with all the Donors financial affairs or it may be limited to deal with a specific matter e.g. to sell a home.
An ordinary Power of Attorney will end if :-
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The Donor becomes mentally incapable;
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The Donor revokes the Power ;
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The Power was for a limited period which has expired;
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The Power was for a specific act which has been performed ;
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The Attorney dies.
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