What is Power of Attorney?
Very simply, a power of attorney is a written authorisation to represent or act on another’s behalf in private affairs, business, other legal or financial matters.
It can be set up by a person (known as the the donor) when he or she is in good mental to allow another person (known as the attorney) to act on the donor’s behalf if they become incapacitated through illness or out of the country.
It can make sense to set up a power of attorney arrangement when you are well so that, if you happen to become mentally incapacitated in the future, someone you appoint will be able to deal with your property or your financial affairs.
It is a good idea to get legal advice before signing over power of attorney to your appointed person.
Enduring power of attorney allows the attorney to make decisions for you around your personal care, such as where you will live and how you will be cared for if you do become mentally incapacitated. You can decide what restrictions to apply to these decisions.
You can appoint whoever you like to be your attorney.
If you would like to discuss setting up a general or enduring power of attorney,
please do call us on 053 9123077 and we will be happy to guide you.
References – Powers of Attorney Act 1996 and the Enduring Powers of Attorney Regulations 1996 (SI No. 196/1996) as amended by SI No. 287/1996.