Why an Enduring Power of Attorney is important
An Enduring Power of Attorney (EPA) allows you to appoint a friend, your partner, spouse or another relative to manage your affairs on your behalf, should you become mentally incapacitated. If you have property, investments or other income, you should consider having an EPA drawn up to give you the comfort of knowing that someone approved by you will look after your affairs should you become unable to as mental incapacity can happen to anyone at any time, possibly by accident or through illness, for example if you were to suffer a stroke or injuries sustained in a serious road traffic accident requiring full time nursing care.
You can limit the power your elected attorney has to certain parts of your affairs; for example, you may wish them to handle your money but not be able to sell your property. You can cancel or amend your EPA at any time whilst you are mentally capable. We normally recommend clients to have an EPA prepared in conjunction with their Will.