Power Of Attorney NZ
What You Should Know About Drafting a Power Of Attorney in NZ
Drafting a power of attorney in NZ has become hassle-free through our services. A power of attorney is a legal document handed over from the principal or donor to an agent or donee. This document provides the agent with the power to make financial, property or healthcare decisions if the donor can no longer make these decisions. Revoking, having the court invalidates the document or the principal passing away are the different ways to terminate a power of attorney.
The Benefits Of a Power Of Attorney
Choosing somebody you trust and know to make your decisions when you cannot is a momentous decision. You must believe this person will execute your choices exactly how you wish it, and the other possibility is having the court decide. However, this can lead to additional expenses and wrong decisions.
Implementing a power of attorney allows you to discuss your wishes and desires with your agent and your family. Making sure everybody understands what you want ensures you will get it.
A power of attorney provides peace of mind for everybody involved. It removes all doubts of intent and helps your family deal with the required decisions a lot better.
Guardianship or conservatorship can be a costly experience, and the principal has no say in the outcome. Ensuring the person who takes control of your finances is the person you want gives you peace of mind too.
What You Can Expect From Us Regarding EPOA Enduring Power of Attorney
There are diverse types of power of attorney you can choose. With us, you can have your power of attorney drafted and executed exactly how you wish.
A general power of attorney is where you assign their chosen agent to perform almost any activity related to finance, health, and property. However, a general power of attorney may terminate should you become incapacitated.
An enduring power of attorney in NZ is where your agent can make financial decisions only. This power has limits only to allow the agent to pay bills and not make any significant financial decisions. This option is ideal if the principal member suffers from mental health issues and has a trusted family member or take care of other duties.
Special or limited power of attorney has the same basis as an enduring power of attorney where the agent can only make a specified number of decisions within a chosen area—for example, real estate.
About Integrity Law Limited
At Integrity Law Limited, you will receive practical legal advice and solutions for your queries. We aim to provide you with a transparent service with no hidden cost to ensure your trust. We have a comprehensive privacy policy, and all discussions are confidential. All services, including our mobile law services, provide professional attention to all your legal matters.
We offer Auckland-wide office hours and mobile services for all our clients and nationwide services for deceased estates through online resources such as Zoom, Skype and cloud storage.
Contact us today for any further queries regarding your legal matters.