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Powers of Attorney
A Power of Attorney is a document that records giving another person power to make personal/health and/or financial decisions on your behalf.
An Enduring Power of Attorney continues to operate even when you lose capacity to make decisions (ie it 'endures' the legal incapacity) and:
- can come into effect immediately or on the date or the happening of a specified event;
- may be in favour of one person or several. If to several persons, you can specify that you require them to make decisions unanimously or by majority or that either one can make a decision independently.
The grant of a PoA does not prevent you from continuing to make decisions while you are able to do so. The person empowered (the "Attorney" or "grantee") is legally bound to act in your best interest.