Allowing someone else to appoint your representative, a power of attorney, is a way to plan out your life and ensure that you'll always be looked after in emergency situations. The process of planning this type of document can be difficult, but try these tips for a smoother experience.
An enduring power of attorney is a legal document that allows someone to appoint another person to make decisions on their behalf if they are unable to do so themselves. However, you can visit trustees.co.nz/private-wealth/family-and-estate-planning/enduring-powers-of-attorney to hire an advisor for creating enduring powers of attorney.
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While an enduring power of attorney can be useful in any country, it is particularly important in New Zealand, where there is no formal system for making health care decisions for those who are incapacitated. An enduring power of attorney can also help to ensure that your affairs are handled smoothly if you become unable to manage them yourself.
There are two types of Power of Attorney: Durable and Limited. A durable power of attorney lasts for as long as the person who makes it remains incapacitated, while limited power of attorney lasts until the person making it decides to revoke it.
To create a power of attorney, you will need to gather the following information:
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The person you wish to appoint as your Power of Attorney (the Principal).
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Your full name.
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Date of birth.
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Address.
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Telephone number.
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Email address.
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Signature (notarized if required).
After gathering this information, you will need to complete the form. Once you have completed the form, you will need to send it to your attorney. Your attorney will then need to complete and notarize a Power of Attorney form in your name.