Power of Attorney
Type of Power of Attorney
There are several types of Power of Attorney. However in all
cases you should only ask someone to be your Attorney if you trust
them implicitly. It is possible to limit the areas in which the
Attorney can operate.
1 General Power of Attorney
Use this to enable some-one else (called your "Attorney")
to deal with all property in your sole name, including land and
bank accounts. It ceases to be valid on your death or mental incapacity
or if you revoke it
2 Power of Attorney pursuant to the Trusts of Land and Appointment
of Trustees Act 1996
If you own land with someone else, use this to enable your Attorney
to deal with your interest in that property. You cannot appoint
your co-trustee. It ceases to be valid on your death or mental
incapacity or if you revoke it.
3 Trustee Power of Attorney
If you own property with someone else, use this to enable your
Attorney to deal with your interest in that property. You cannot
appoint your co-trustee. It ceases to be valid on your death or
mental incapacity or if you revoke it.
4 Enduring Power of Attorney
Your Attorney can continue to use this to deal with your affairs
and property, whether owned in your sole name or which you own
with a co-trustee. It ceases to be valid on your death or if you
revoke it. There are certain procedures to follow, if you become
mentally incapable of dealing with your affairs.
Revocation of Power of Attorney
You can withdraw or revoke a power of attorney at any time except
in the case of an Enduring Power of Attorney when the donor no
longer has mental capacity.
Related topics you may find useful:
Enduring powers of attorney
Preparing for an infirm
old age
Powers of attorney - Ordinary,
Enduring or Lasting
Wills
Call Michael Breeze on 07900 195 195 or call 0845 270 2511 to
set up an appointment