ENDURING POWER OF ATTORNEY

What is an Enduring POA?

An Enduring POA is a legal instrument which allows an adult person to determine in advance how and by whom his or her affairs shall be managed in the future, when they will no longer be in position to manage their own affairs independently.

This is done by appointing an agent in an Enduring POA and empowering him or her to act per the appointor's instructions as stipulated in the Enduring POA. The appointment enters into force only upon the appointor becoming legally incapacitated.

A significant advantage of this mechanism is that it grants a greater degree of control to the person over his own affairs in comparison to a guardianship.

 

MEYTAL LIBERMAN, Advocate
 
Trusts and intergenerational transfers of assets.


Trusts | Wills and Inheritance | Enduring Power of Attorney | Prenuptial and Joint Life Agreements | Transactions of Assets

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