A power of attorney is a legal document that gives someone the right to make decisions on your behalf. It must be signed by the person whose powers are granted. A person who has the authority to make decisions must be authorised by the individual making a power of attorney. These individuals should have the authority to make important decisions for you, such as financial and health-related matters. An enduring power of attorney is a legal document. It should be reviewed annually to ensure that it is still up to date and effective.
An enduring power of attorney can come into effect immediately or come into effect years down the line. For example, a contingent power of attorney comes into effect when the person’s capacity to make decisions lapses. The enduring power of attorney will then take control of the financial and medical affairs of the person. Therefore, it will be in the attorney’s best interest to sign the form and notify the individual’s designated agent of any changes to their circumstances.
Each power of attorney document is different, and its details will determine how it will come into effect. For example, in some states, a physician and two medical practitioners must formally declare the enduring power of attorney to take effect. A person can revoke their enduring power of attorney by taking reasonable steps to inform the attorney of the change. However, the revocation must be in writing and signed in front of two witnesses to be effective. At least one must be an authorised witness or a medical practitioner.
When it comes to revocation, a person can choose to revoke their enduring power of attorney at any time. In such cases, the attorney must take reasonable steps to notify the attorney of the revocation, but it is enough to change the EPA in most cases. In the meantime, they can continue making decisions as needed. The EPA can be rewritten, and a new person may revoke it at any time.
When a person cannot make decisions for themselves, the attorney can make those decisions on their behalf. In addition to property, enduring power of attorney can also apply to health and well-being issues. A person can appoint more than one attorney. By specifying the powers of an enduring power of attorney, a person can specify the limits of the attorney’s powers and mandates.