Articles related to ‘Powers of Attorney’
Annie was purchasing an apartment and borrowing money to finance the purchase. She signed the Agreement for Sale and Purchase herself but was going overseas two weeks before settlement, so signed a Power of Attorney allowing her friend Jenny to sign the remaining required documents on her behalf.
What she didn’t realise was that her bank did not allow certain documents (in this case, a guarantee) to be signed… Continue reading
Nathan was a sole director of a company and gave a personal Power of Attorney to his friend Charles before leaving on a month long wilderness holiday.
The company was in the process of buying a small rental property. Nathan was scheduled to leave three days before the bank could produce the mortgage documents. Whilst he felt it would have been better for him to sign the documents himself… Continue reading
Adam’s job demanded a lot of travel so he had set up an Enduring Power of Attorney in relation to Property, so that the person he nominated (his friend Bill) could sign documents for him in his absence from New Zealand, as well as other times when he was not contactable.
Adam’s house was on the market and he received an offer while he was overseas. He could not… Continue reading
George, a retiree, had been fit, healthy and fiercely independent since his wife passed away 5 years ago. He always wanted to maintain strict control over his own finances so any suggestions his children made about putting in place a Power of Attorney were always met with a negative response.
Unfortunately George suffered a stroke and had to urgently be moved into a rest home. The rest home required… Continue reading
What can your Attorney do?
It is very useful to appoint a Power of Attorney to handle your affairs on your behalf if and when you are unable to do so yourself. Your Attorney can sign your cheques, cancel your insurances, and even sell your home. Your Attorney can manage your affairs if your health deteriorates, or if you go overseas and it is too complicated to manage your own… Continue reading
What happens if you suddenly fall ill and are no longer able to make decisions about your healthcare or welfare? What about if you are overseas and decisions need to be made about your assets?
Recently clients of the firm had entered into a contract for the sale of their property. Shortly before settlement the wife had to travel urgently as her mother had taken seriously ill. The wife… Continue reading
Natalie was very excited to have signed a contract for the purchase of her first home. She had saved a good deposit and had organised to borrow what she needed to complete the purchase.
Travelling home from work one night, a week before settlement, she was hit by an out-of-control car, and injured badly enough to be hospitalised for 2 months.
All the usual pre-settlement tasks were beyond… Continue reading
The frighteningly common incidences of elder abuse by those trusted to protect them have led to a law change which affects you if you have been appointed someone’s attorney under an Enduring Power of Attorney (EPOA). Whether you are already an attorney under an EPOA or are thinking of becoming one, it is crucial that you know what you are in for!
What Are My Obligations?
The responsibilities of… Continue reading
You need to choose your attorney carefully. If, for example your attorney moves overseas and is unable to sign documents for you, they cannot delegate their status as attorney to someone else. It is a right granted to them and only them. In that case, you would need to appoint a new attorney. We can assist you with this… Continue reading
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