Using the power of attorney can be one way of ensuring that expert legal or financial advisers can handle difficult administrative processes.
Individuals are able to effectively sign over their power of decision when completing legal or financial documents, enabling a third party to represent them.
This can be useful when dealing with complex decisions requiring expertise, and is also used when someone is deemed mentally unfit to take a decision.
There are two main types in England and Wales, Ordinary Power of attorney and Enduring Power of Attorney.
Ordinary Power is typically used for a specific instance, whereas Enduring Power is used when a person is said to be incapable of making their own decision. |