Continuing Power of Attorney

What is a Continuing Power of Attorney?
An Continuing Power of Attorney is a legal document that enables someone to appoint one or more people to manage their affairs should they become mentally incapable of doing so themselves.

Naturally the powers created are far ranging in that the attorneys are able to deal with most financial matters on your behalf. Nevertheless, most people like to take this step well in advance while they are still in a position to appoint people that they would like to act on their behalf should the need arise.

Details of an Continuing Power of Attorney
The attorney(s) only takes control of the donor's affairs if the donor has become mentally incapable.

There are several safeguards for the donor.

The donor can cancel the power at any time before it has to be registered.

A power may be in general terms or limited to specific acts or circumstances.

Because the powers available to the attorneys are so wide ranging, these documents need to be prepared according to strict regulations applicable at the date of signing.