As we go through life, there may come a time when we are unable to make important decisions for ourselves. This can be due to illness, injury, or simply old age. In these situations, it’s essential to have someone who can make decisions on our behalf. This is where a power of attorney and enduring guardian can come in.
A power of attorney is a legal document that allows you to appoint someone to make decisions on your behalf. This person is known as your attorney. They can make decisions related to your finances, such as paying bills, managing investments, and accessing bank accounts. A power of attorney can be useful in situations where you are unable to manage your financial affairs, such as if you are travelling overseas or have a medical condition that makes it difficult to manage your finances.
An enduring guardian is a legal document that allows you to appoint someone to make decisions on your behalf regarding your personal and lifestyle matters. This person is known as your enduring guardian. They can make decisions related to your health care, accommodation, and other lifestyle matters. An enduring guardian can be useful in situations where you are unable to make decisions for yourself due to illness, injury, or old age.
Both a power of attorney and enduring guardian are important legal documents that can provide peace of mind and protection for you and your loved ones. By appointing an attorney or enduring guardian, you can ensure that your affairs are managed in accordance with your wishes, even if you are unable to make decisions for yourself.
It’s important to note that a power of attorney and enduring guardian are separate legal documents. While they both involve appointing someone to make decisions on your behalf, they relate to different areas of your life. A power of attorney relates to your financial affairs, while an enduring guardian relates to your personal and lifestyle matters.
When appointing an attorney or enduring guardian, it’s essential to choose someone you trust and who has the skills and knowledge to manage your affairs. You may wish to consult with a legal or financial professional to help you draft these documents and ensure that they are legally binding and comprehensive.
In conclusion, a power of attorney and enduring guardian are important legal documents that can provide protection and peace of mind for you and your loved ones. By appointing an attorney or enduring guardian, you can ensure that your affairs are managed in accordance with your wishes, even if you are unable to make decisions for yourself. If you are considering appointing an attorney or enduring guardian, it’s important to seek professional advice to ensure that these documents are legally binding and comprehensive.