Continuing Power of Attorney
How would you like your affairs to be handled if you are unable to do so yourself?
If you are unable to manage your own affairs due to illness or a decline in your functional capacity, do you want a close relative or a familiar person to handle your affairs, or would you prefer a guardian appointed by the Digital and Population Data Services Agency?
Who would be the best advocate for your interests? Who possesses the necessary information about your affairs? Is this something you want to decide for yourself now, while you still can? When creating a power of attorney for legal representation, a lawyer can personally go through with you the matters you want to specify in the authorization.
Ensure that your matters are taken care of.
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Absence of the Continuing Power of Attorney
In the absence of a power of attorney for guardianship, the administration of your affairs will be undertaken by a guardian appointed by the Digital and Population Data Services Agency. In an enduring power of attorney for guardianship, you can decide in advance who will manage your affairs on your behalf. Before creating the authorization, it’s advisable to consider individuals whom you would trust to handle your affairs if you become incapacitated.
It’s a good idea to appoint one primary agent and at least one alternate agent. You can define their roles, such as one managing personal matters and the other potentially overseeing any business activities. Have a discussion with them and ensure their willingness to take action if necessary.
The continuing power of attorney for guardianship only comes into effect when it becomes necessary for managing your affairs. You can also modify it while you’re still capable. The authorization can cover various aspects, like property-related matters and who has the right to access information about your health and property usage. The person designated as the agent can also be obliged to provide information to other close relatives.
Essentially, the authorization allows you to specify how your affairs and property should be managed if you’re unable to do so yourself. Naturally, the primary focus is on utilizing your assets for your own well-being. You can also include everyday life preferences in the authorization.