Enduring Power of Attorney
If a person loses mental capacity, an Enduring Power of Attorney (EPOA) enables the person appointed to attend to the financial affairs of the person incapacitated.
For example, the person with the EPOA can:
- operate bank accounts
- buy and sell shares
- change term investments
- buy and sell real estate
- or do anything to do with property, money or finances.
The words “enduring” means that the power of attorney continues even if the donor of the power loses mental capacity. Ordinarily, a power of attorney ceases to have effect if the donor loses mental capacity.
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