EPA
WHAT IS AN EPA?
An Enduring Power of Attorney is a deed by which one person (the Donor) authorises another person (the Attorney) to act on their behalf in relation to all, or specified property and financial matters. This authority is delegated and will continue if the Donor loses mental capacity.
We always assume that we will have the mental capacity and physical capability to get to the bank and manage our own affairs. This could all change unexpectedly through accident, injury or dementia. An EPA is a procedure you can put in place to help plan for the future.
DO I NEED AN EPA?
Yes, someone will need to be appointed to manage your pension / finances / property if you are unable to. It is not a Will as this is a document to be used after death. An EPA deals with your finances and your property whilst you are alive. Your Attorney has no power to make any medical decisions on your behalf.
NEXT STEPS
Get in contact with Manley Financial and we will set up all the documentation. We will need details of who you are going to appoint as an Attorney(s).
It is practical to appoint more than one Attorney. The Attorney(s) should be someone you trust completely, this could be a family member, friend or professional adviser.