An Enduring Power of Attorney is an estate-planning mechanism that relates to financial decisions.

  • Enduring means that the power of attorney continues to be effective even if you no longer have capacity to make these decisions;
  • Power relates to the powers that are granted to your attorney and the financial decisions you allow them to make on your behalf; and
  • Attorney refers to the person who you appoint to make these financial decisions. Generally people appoint their spouse and have a child or friend who live nearby as a backup.

In essence, you give your attorney the ability to make financial decisions on your behalf. Generally, your attorney is not authorised to spend your money on themselves.

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