An Enduring Power of Attorney (EPA) is an important legal document that allows a person to appoint another individual to make decisions for them in the event of their incapacity. EPAs are invaluable in providing peace of mind, as they ensure that a person’s affairs and interests are taken care of in the event of their incapacity or death. If you want to know more about enduring power of attorney in New zealand you may visit Trustees Executors.
Manage Financial Affairs
One of the primary benefits of having an EPA is that it allows the appointed person to manage the financial affairs of the person granting the power. This includes making decisions related to investments, banking, and real estate. The appointed person can also make decisions regarding the use of the financial resources of the person granting the power, to ensure their day-to-day needs are met.
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Control Medical Care
EPAs also give the appointed person control over medical decisions. This includes the power to consent to or refuse medical treatment on behalf of the person granting the power. The appointed person can also make decisions related to living arrangements, such as choosing a care home or assisted living facility.
Peace of Mind
Having an EPA in place provides peace of mind for both the appointed person and the person granting the power. The appointed person is assured that their decisions will be respected, even if the person granting the power becomes incapacitated or dies. Meanwhile, the person granting the power can rest easy knowing that their affairs and interests will be taken care of.