Choosing an Enduring Power of Attorney:Enduring Power of Attorney
Choosing someone to act as your attorney in an enduring power of attorney should be done carefully. Obviously, you will want to select someone you trust. This person will be able to handle your finances in the same way you would be able to handle your finances if you were capable of doing so.
In addition, the person you choose must want to do this for you and be capable of handling the task. That means talking about the enduring power of attorney beforehand, ensuring that the preferred attorney is able and willing to handle the immense responsibility of taking care of your finances for you when you cannot.
If you do not want to appoint a person you can appoint your financial institution. Alternatively, you can appoint both. Your financial institution may charge a fee.
When reviewing your enduring power of attorney—which should be done periodically, perhaps when reviewing your will—take some time to consider whether the person or institution you have appointed is still the best choice.