Powers of Attorney
A Power of Attorney is a written authorisation to represent or act on another’s behalf in private affairs, business, or some other legal matter. The person authorising the other to act is the donor and the one authorised to act is the donee, or attorney.
The attorney has a duty to act in your best interests and take prudent care in managing your affairs.
A Power of Attorney is valid only if you, the person giving the authority, have the capacity to deal with the matters yourself. This kind of power will commonly be given if, for example, you are planning a trip overseas or you are physically incapacitated.
Most people appoint a close friend, family member or lawyer as their attorney. The person to whom a Power of Attorney is given must be at least 20 years old, must not be a bankrupt, and must not be suffering from any legal incapacity.
You can cancel an ordinary Power of Attorney at any time.
If you become mentally incapable, the Power of Attorney becomes void.