Question
a. Explain the purpose of a Power of Attorney including the difference between a general and enduring power of attorney. b. Briefly discuss the circumstances
a. Explain the purpose of a Power of Attorney including the difference between a general and enduring power of attorney.
b. Briefly discuss the circumstances in which a power of attorney can be cancelled.
c. Mary is an only child and is worried about the state of her elderly parents’ health. She is particularly worried that her dad might be in the early stages of dementia, although no formal diagnosis of this has been made. What estate planning strategies would be appropriate for Mary’s parents?
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1 A power of attorney is an authority given by a written formal instrument whereby one person termed the donor or principal authorises the another person termed the donee attorney or agent to act on h...Get Instant Access to Expert-Tailored Solutions
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