They enable the Principal to have peace of mind that all their affairs will be managed responsibly if they are unable to give their agreement in person. In all cases, Power of Attorney forms allow individuals to carefully plan for their future healthcare or financial needs.
This depends on what you, as the Principal, wish to delegate to your appointed agent. There are many different types of Power of Attorney that an individual can take out. Making financial gifts to family members and employeesĪlternatively, POAs can be used to create contingencies for when you reach advanced age or become incapacitated. Some of these financial responsibilities include:Ĭollecting pensions from the government or military Power of Attorneys can be modified to allow you to flexibly delegate responsibilities to another person in your absence or incapacity. This can be a far-reaching and long-lasting arrangement depending on the type of document you create. There are also Durable Power of Attorney to appoint a person to control your finance and Medical Powers of Attorney and Advanced Health Care Directives which you can make to name a trusted person to oversee your medical care and make healthcare decisions for you if you are unable to do so. This lets the donor choose one or more attorneys to look after their property and finances should they lose mental capacity.A Power of Attorney (POA) is a legal instrument that allows you (known as the Principal) to appoint another person -known as the Agent or Attorney-in-Fact- to make financial decisions for you. If the donor is concerned that they could lose mental capacity in the near future, they can consider setting up a lasting power of attorney for property and financial affairs. Unlike some powers of attorney, an OPA does not need to be registered with the Office of the Public Guardian, and can be used as soon as the donor signs it. “Signed by me as a deed and delivered.” Registering an OPA
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I appoint (attorney’s full name) of (address) (joint) / (jointly / jointly and severally) to be my attorney(s) in accordance with section 10 of the Powers of Attorney Act 1971. “This General Power of Attorney is made this day of (X) by me (donor’s full name) of (address).
There is no set way of making an OPA as there is no standard form to complete.
The donor can still make decisions for themselves if they want to. For example, they can authorise them to only deal with their financial affairs. The donor can limit the attorney’s powers under an OPA. It can also be called a general power of attorney.Īn OPA can only be used if the donor has mental capacity.Īn OPA is useful when it becomes temporarily difficult for the donor to manage their affairs, for example because they’re: An ordinary power of attorney (OPA) is a legal document in which someone (the donor) gives another person (the attorney) the right to help them make decisions, or take decisions on their behalf.
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