Your power of attorney is a legal document that authorizes the person you appoint to represent your rights and interests in certain situations. In this article, we'll learn what an enduring power of attorney is and how it differs from a power of attorney that lasts for a specific amount of time.
An (enduring power of attorney) EPA in New Zealand is a legal document that allows someone to appoint someone else to make decisions for them in the event that they cannot do so for themselves. When creating an enduring power of attorney, you should consider two things: who you want to appoint as your proxy and what powers you want him or her to have.
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The person you choose as your proxy will have full authority over your financial and medical affairs and may be able to make decisions on your behalf in any legal matter. Some common powers granted to a proxy include the ability to sell or manage your property, sign contracts, and make major decisions about your health care. It is important to choose someone you trust to act on your behalf, as a proxy can misuse their authority if they are not well-educated about the power of attorney laws.
There is no set price for an enduring power of attorney, as the costs will vary depending on the specific needs of the client. However, some general costs associated with creating and administering an enduring power of attorney may include fees for a lawyer, filing fees, and taxes associated with transferring ownership of property.