Do you know the two types of enduring powers of attorney?
There are two types of enduring power of attorney:
- Enduring power of attorney for personal care and welfare: This type of Enduring Power of Attorney covers your health, accommodation and associated care decisions, and comes into effect only if a medical professional or the Family Court decides you have become ‘mentally incapable’. You may have only one attorney for this Enduring Power of Attorney; it is usually a close friend or family member.
- Enduring power of attorney for property: You can pick one or more individuals or a trustee corporation to make decisions about how your property and finances should be managed. You can decide whether you want this to come into effect immediately or only when you lose your capacity.
It's possible to have one person who has enduring power of attorney for your personal care and welfare, and a different person who has enduring power of attorney for your property and finances.