ENDURING POWER OF ATTORNEY
Why do I need an Enduring Power of Attorney?
Uncertainty and risk are a part of life; they are unavoidable. Your Enduring Power of Attorney is there to help you manage that risk. With it, you name someone that you trust to deal with your finances if you are temporarily unable to handle them personally.
Whether you are out of commission due to illness or recovering from a skiing accident – someone has to have authority to go to the bank and take care of your mortgage and other financial matters. Without an Enduring Power of Attorney, no one (not even your spouse or immediate family members) has the authority to speak for you and financial institutions have no reason to listen.
Your verbal instructions, to your family, the bank, or any financial institution, will not be enough.
Some things are just too important to leave to chance. You’ve worked hard for the things you have. Don’t take risks with them.