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Tuesday 18 October 2011

The importance of a Power of Attorney

A power of attorney (POA) or letter of attorney is a written authorisation to represent or act on another's behalf in legal, financial or health affairs, or some other legal issue. For people who lack the mental capacity, or in time may become unable to make important decisions, it’s important for someone else to be appointed to do it for them.It’s why the Mental Capacity Act 2005 was introduced to enable people to choose someone to manage financial, property and even health and welfare decisions on their behalf. When the Mental Capacity Act came into force in 2007, Lasting Power of Attorney (LPA) replaced the previous Enduring Powers of Attorney (EPAs), although EPAs made before that date are still valid. EPAs only need to be registered if the Donor has since lost capacity.

Read the full article here:
http://www.nobilis.co.uk/feeds/information-library/the-importance-of-a-power-of-attorney.aspx

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