General and Special Power of Attorney
General Power of Attorney UK
General power of Attorney is used in situations where a person choses to give rights to another person to deal with property, or other things, for a certain period of time. This is often used when people are going on holiday or moving abroad for a few years.
This type of Power of Attorney does not require registering and is therefore valid as soon as it is signed.
A General Power of Attorney is often used where a home is being sold and the exchange of contracts is due at the same time the seller is away. It gives powers to another person to deal with any issues that may arise, such as amendments to fixtures and fittings.
A General power of Attorney can be revoked at any time by completing a deed of revocation or if you lose mental capacity to make your own decisions.
General Power of Attorney non-UK
In an international context, a general power of attorney gives the power to make a wide range of decisions on your behalf, including medical decisions, legal choices, financial and business decisions.
Special Power of Attorney
A Special Power of Attorney is used in an international context and does the same role as the UK General power of Attorney.
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No. If you create a Power of Attorney, you appoint an agent to make decisions for you in the event that you can’t make them yourself. Generally, these decisions are about your healthcare or your finances. If you pass away, other estate planning documents, such as a Will or Trust, take precedence.
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