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Home » Legal » What is an Enduring Power of Attorney in New Zealand?

What is an Enduring Power of Attorney in New Zealand?

An enduring power of attorney (EPA) is a legal document that can be used to appoint someone to make financial or property decisions on your behalf and can be either general or specific in nature. You can appoint more than one attorney, and you can specify how they are to act – for example, jointly or independently.

You can revoke or cancel an EPA at any time, as long as you have the mental capacity to do so. If you no longer have mental capacity, then your EPA will continue in force until it is revoked by a court. There are many websites available where you can find enduring powers of attorney consultancy in New Zealand. The professional advisor will help you to make the right decision.

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There are some important things to consider before appointing an attorney, and it’s important to get professional advice if you’re unsure about anything. An enduring power of attorney in New Zealand can cost around from a few hundred dollars to a few thousand dollars, depending on the complexity of your estate and how many attorneys you appoint. 

There are a few key things to remember when it comes to enduring powers of attorney. First and foremost, make sure you choose someone you trust implicitly to act on your behalf. Secondly, be clear about what decisions you want them to be able to make on your behalf, and thirdly, keep your documents up-to-date so that they reflect your current wishes. And finally, don't forget to revoke the power of attorney if and when you no longer need it.