What are the different types of Powers of Attorney?

There are two types of powers of attorney – a universal or common law power of attorney and an enduring power of attorney.

 

Power of Attorney

A power of attorney is a legal document which allows another person (the attorney) to act in your place and essentially take control of your affairs. This can be for a specific purpose or it can be a general power of attorney. This power of attorney ceases if you become mentally incapacitated, marry, formally enter a civil partnership or are declared bankrupt.

 

This type of power of attorney is commonly used to consent to someone else doing something on your behalf. It is most commonly used to give permission for property to be sold or money and assets managed on your behalf while you are overseas. You decide how long the power of attorney lasts and whether it’s for a specific purpose or a general power of attorney.

 

While it is not necessary to consult a lawyer, it is highly recommended to get legal advice before relinquishing control over your business or personal affairs. A lawyer will assist you to draft the legal documentation and protect your best interests.

 

If you are seeking advice and assistance to draft a power of attorney please phone us on 01 874 4422 or fill in our online contact form. A Client Care Executive will be in contact with you to arrange an appointment with a solicitor experienced in this area of law.

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