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Understanding The Enduring Power Of Attorney In New Zealand

The enduring power of attorney (EPA) is an important legal document in New Zealand that allows an individual to appoint another person, known as an attorney, to manage their financial and legal affairs. This document is often used in the event of mental incapacity or physical disability, and is a popular way to ensure that one’s finances and legal matters are taken care of in the event that the person is unable to do so themselves. It is important to understand the details of an EPA to ensure that it is used in the most beneficial way possible.

The first step to understanding an enduring power of lawyer in New Zealand is to learn who can become an attorney. An EPA must be completed in writing and be signed and witnessed by two people. The person creating the EPA must be 18 years of age or older and have the mental capacity to understand the nature and effect of the document. The attorney appointed must also be 18 years of age or older and have the mental capacity to make decisions on behalf of the donor. This document can be revoked at any time by the donor as long as they have the mental capacity to do so.

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The second step to understanding an EPA is to learn the rights and responsibilities of the attorney. An attorney has the right to access the donor’s bank accounts and other property and to make decisions on their behalf. 

Finally, it is important to understand the importance of the EPA document itself. This document should be kept in a safe place and only accessed when absolutely necessary.

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