Appoint two attorneys for peace of mind
Appointing two attorneys when making a lasting power of attorney
can provide people with extra peace of mind.
Scott Rasmusen, a partner at law firm Gibson Kerr, said people who only appoint one risk leaving their affairs in disorder should anything happen to their chosen friend or family member.
"We have seen a few cases where people have granted a lasting power of attorney
to a relative, but then that relative has been involved in an accident and died unexpectedly," he explained.
"All of a sudden, these people find that they no longer have a power of attorney in place and have to identify and agree another one before it is too late."
For some, it may already be too late. If an individual is incapacitated and unable to make decisions for themselves, their relatives will have to obtain permission from the court to deal with their affairs, which could be costly.
"You can appoint as many attorneys as you like, so don't just make one appointment and leave it at that, otherwise you will have no insurance whatsoever if something happens to that person," Mr Rasmusen stated.
Posted by Christopher Evans
Published on: August 16, 2010
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