Power of Attorney
A Power of Attorney is a document that is signed by you that enables you to give your attorney (the person whom you choose to give the power to) the legal authority to look after your financial affairs. This authority can be limited in time or the happening of an event.
The authority can also be given in anticipation of a situation where by you lose the mental capacity to make decisions on your financial affairs.
In these situations, you can prepare an Enduring Power of Attorney that will come into effect and remain in force even after you lose the mental capacity to make decision on your financial affairs.
Khalil Family Lawyers can advise you about the implications in making a Power of Attorney and Enduring Power of Attorney.