Also known as a general power of attorney, this is a legal document that nominates someone the legal ability to act on someone else’s behalf if they are not able to manage legal and financial matters themselves. A general power of attorney gives the attorney the authority to manage your legal and financial affairs including buying and selling real estate, shares or other assets, operating bank accounts and spending money on your behalf. A power of attorney can contain specific powers for your attorney or preclude them from doing certain things.
If you want your power of attorney appointment to continue should you lose your mental ability to make decisions for yourself, then you will need to have an enduring power of attorney in place.
An Enduring Guardian is someone you appoint to make health and lifestyle decisions on your behalf. Your appointed guardian can make decisions in relation to your medical treatment such as choosing which doctor treats you or in which medical facility you are treated. Unless otherwise specified, these decisions are usually only made if you lack the capacity to make them yourself.
Leyden Legal has been providing a range of legal services to our community for many years. We are local and we know our community. We provide expert advice and support daily to families facing the challenges of estate planning and guardianship issues.