When Do You Need To Make An Enduring Power Of Attorney?

By Author: Carl Glendon
Total Articles: 106

An Enduring Power of Attorney, also referred to as an EPA, is a document that is signed, written, witnessed and dated, and gives authority to someone while you are alive still. Once you prepare an Enduring Power of Attorney, you will be give authority – or Power. You will be the “Donor” and offer power to some individual who will be the “Attorney-in-fact” to handle your financial affairs. Find out why you have to make an EPA.

When you wish to choose someone for your financial affairs

With an EPA, while you still have your mental capacity intact, you can make sure that the management of your property is done by anyone who actually knows you and your needs. You can still have the time to trust on a reliable person to act on your best interests, when you are unable to take your own decisions. This is a cost-effective and basic way to make plans ahead. Without enduring power of attorney and general power of attorney, you cannot get to pick who will handle your financial affairs in case you get mentally incapacitated. To learn more about drafting a sample power of attorney form online, visit this website.

When you suffer an illness or accident

You need to have an EPA if you happen to be suffering from a serious ailment or accident, or you are unable to decide on financial affairs on your own. It is known as a state of mental infirmity or incapacity. In case of such an event, you would like to authorize a person to act on your behalf and take care of your best interests with respect to property and financial matters.

When you need help with complex or even basic financial worries

He can act for you with respect to all the financial affairs that you need assistance with. This might include the payment of bills, deposition and investment of money for you, and even the sale of your home – in case your document offers the authority. For more information about getting a power of attorney in NC, please visit this website.

Author Resource:-

Carl writes often about legal drafting, rental lease agreements, power of attorney form sand help the people in such needs. You can find his thoughts at power of attorney blog. Please visit this site to get a sample power of attorney form in Virginia.