A Power of Attorney is a legal document granting a person authority over you or your possessions. The terms will specify the reason and duration of this permission.

You should consider appointing the following:

• A Durable Power of Attorney who will be in charge of your financial affairs if you ever become incapacitated. This would usually last until you regain control or die (your estate planning documents would then take over).
• A Health Care Power of Attorney who will make medical decisions on your behalf. It’s also usually valid until you recover or you pass away.

An executor administers your Will when you die whereas an Attorney protects your interests when you’re living.

Only one person can be nominated as a Lasting Power of Attorney, but several people could have been awarded Enduring Power of Attorney.

An LPA is likely to be someone close to you so you can discuss personal matters and be clear on the care you want and your wishes moving forward.

Having one in place can give you peace of mind that someone you trust is in charge of your affairs.