General Powers of Attorney
It may be the case that a Power of Attorney is only required for a specific purpose or period of time, for example, a house sale or purchase if the person buying or selling is abroad. It is usually viewed as a short-term arrangement.
A General Power of Attorney does not need to be registered with the Office of the Public Guardian but does need to be signed in the presence of a witness. There are certain statutory requirements that must be met for the General Power of Attorney to be valid.
However, a General Power of Attorney will be revoked if the person making the General Power of Attorney or their Attorney ceases to have mental capacity. Therefore, the main disadvantage is that a General Power of Attorney is useless once the person making it loses capacity.
A General Power of Attorney is therefore recommended for short-term use and if you are seeking a long-term solution, you should consider a Lasting Power of Attorney.
Speak to a member of our Wills, Trusts, Probate & Court of Protection team for more information
Call our offices on 0191 567 0465 or Request a call back