07 Feb 7 JUNE 2010 – WHAT IS A POWER OF ATTORNEY
Posted at 03:04h
Q.What is a Power of Attorney?
A. A Power of Attorney is a legal document authorising another person, such as a trusted friend or relative, to act on your behalf in your affairs if you:
- Go overseas
- Take an extended holiday
- Suffer poor health
- Reach an age when you need greater assistance
A General Power of Attorney is usually used in business context by a corporation or an individual.
An Enduring Power of Attorney is usually used in the event of an accident, debilitating circumstances or incapacity, such that the Attorney has the power to deal with all or any part of your financial, personal and health matters.