Why make an Enduring Power of Attorney
- If something were to happen to you and you could no longer manage your affairs would you want the Wards of Court office to make all decisions on your behalf or would you prefer your family to make those decisions.. Decisions like where you would live and what would happen to your property and all personal and financial decisions.
- An enduring power of attorney allows you to nominate someone (your attorney) to manage your affairs if you become incapable of managing your own affairs. For example this could happen if you had a stroke or an accident or some other catastrophic event. You can appoint a family member or members to make all decisions on your behalf but you can only make that appointment when you are well by signing an EPA.
- You can only make an EPA when you are well. Your solicitor and your doctor both have to certify that you have the mental capacity at the time of execution to understand the effect of creating an EPA. The EPA has no effect unless and until you become unable to manage your affairs. Your attorneys would have to register the EPA. before it would become effective.
- In the past if someone became incapable of managing their affairs the only option was to make that person a Ward of Court. The High Court would then make all decisions for the Ward. Making someone a Ward of Court is an expensive and invasive process and your family loses all control over your affairs.
- In some circumstances you may be estranged from your family and you may want your friend or your partner to manage your affairs. An EPA allows you to do this
- Many young and middle aged people are now making enduring powers of attorney. as catastrophic events can happen to people of all ages.
Don't leave it too late to make an EPA. If you need any advice call us on 01-6040033 or email us for appointment by clicking this link