subject: Legal Advice - What Is An Enduring Power Of Attorney And Why Do I Need One? [print this page] Why? Why?
Without an Enduring Power of Attorney in place, should you no longer be able to manage your own affairs, your family, in order to obtain the authority to manage your affairs and finances, would have to make an application to the Court of Protection to be appointed as a Receiver. This is not only time consuming but it can also be costly. The very nature of the Enduring Power of Attorney is that it "endures" beyond the onset of mental incapacity.
However, in such circumstances, the Enduring Power of Attorney will need to be formally registered with the Court of Protection in order to validate both the Attorneys appointment and the Power. Care. Care must be taken when creating the Enduring Power of Attorney to ensure that the Attorneys are able to act in the exact ways you envisage.
Legal Advice - What Is An Enduring Power Of Attorney And Why Do I Need One?
