Anyone over 18 is eligible to create a WilliamsLegal enduring power of attorney. This legal document names someone to manage one’s finances and personal affairs in case of incapacity. The document can name more than one attorney and specifies the powers and limits of the attorneys. However, it is important to note that a Williams-Legal enduring power is only valid when signed and registered.
An enduring power of attorney appoints a trusted attorney to make decisions for a person unable to do so themselves. Unlike a will or physician-of-care document, the enduring power of the agent is only valid for a specific period of time. Although an enduring power of assistance is valid for that length of time, the powers are not unlimited. Therefore, it is important to review the governing documents periodically.
There are several ways to modify a WilliamsLegal enduring power of attorney. An enduring power of attorney can be revoked or amended. Whether the governing documents are outdated or need to be revised, the process is simple. It is vital to consult with a Williams-Legal lawyer as soon as you suspect that you might need to change your will. A revocation of an enduring power of attorney can be legally binding only if signed in front of two witnesses.
The enduring power of attorney appoints an attorney who will decide on your behalf should you be unable to do so yourself. Unlike a physician-of-care document, the enduring power of an advocate is valid for life. While a Williams-Legal enduring power of attorney is a permanent document, its powers will not be unlimited. This means that you must review it regularly. In addition, you can change your governing documents at any time.
An Enduring Power of Attorney can restrict the governing attorney to only certain assets or certain actions or transactions. Alternatively, it can be general and grant a broad range of powers. When a person cannot make decisions, enduring power of attorney can make the decisions for them. The author of the governing document will make all the necessary decisions on the client’s behalf.
If the principal dies, the enduring powers of attorney will transfer the property to the attorney. A power of attorney is a legal document that will protect the principal’s interests and their family. An enduring power of attorney will be required if the person has mental incapacity to make decisions independently.