A Power of Attorney is a crucial document that enables you to delegate a trusted person to take care of your medical, property, and financial affairs if you ever find yourself in a situation where you cannot make decisions independently. If you are aged 18 or older, you are entitled to manage your legal decisions yourself, and you can also appoint a person who can manage your affairs on your behalf in the future if circumstances prevent you from being able to act independently.
The person who has an authority to make decisions on your behalf is called the “Attorney” and you will be known as the “Principal or Donor”.
This post explains the purpose of Power of Attorney (POA), the major types of POA in the United Kingdom, and how you can arrange the best professional Power of Attorney translation services in the UK.
What is a Power of Attorney (POA)?
A Power of Attorney is an important legal document that authorises the person named as an attorney to act on behalf of another person known as the principal. For example, the attorney or an agent can make important legal decisions on behalf of a principal if he is unable to sign any legal document due to disability or illness. These legal decisions made by the agent or attorney would relate to the principal’s financial, property, or medical affairs. It is important to keep in mind that not all Power of Attorneys are created equal. There are several types of POAs that provide different levels of control to the attorney.
Understanding the different categories of Power of Attorney | Types
Until 2007, one of the most common types of Power of Attorney was the Enduring Power of Attorney (EPA) and people would use an EPA to appoint an attorney who would manage their business affairs. When Lasting Power of Attorney (LPAs) were introduced by the Mental Capacity Act 2005, people started using them rather than EPAs.
EPAs remained valid until the year 2007 but at present, the Lasting Power of Attorney (LPA) is considered valid.
(LPA) Lasting Power of Attorney
There are two types of Lasting Power of Attorney. One is Personal Welfare LPA and the other is Property and Financial Affairs LPA. Personal welfare LPA gives an attorney the authority to make your medical-related or day-to-day decisions if you are unable to make them on your own. For example, they can make decisions related to your medical treatment or the logistics of managing your daily routine if you are no longer physically independent.
With a Property and Financial Affairs LPA, the attorney is authorised to make decisions on your behalf regarding property or financial affairs such as paying your bills, signing legal documents, or collecting payments.
Kings of Translation offer best services of Power of Attorney translation
When legal documents need to be translated, it is essential to hire a professional and highly experienced legal translation service to ensure the translation retains all the legal details of the original document. Kings of Translation provides high-quality legal translation services in the UK. With years of experience in the industry, the professional translators at Kings of Translation are highly trained in legal translations, and have a background in finance and economics. They can provide professional translations in multiple languages, striving together to provide excellent customer service and perfection.
For the best services of Power of Attorney translation, contact Kings of Translation. You can be confident that your POA document will be drafted in line with the latest legal requirements of the designated country and will retain the original essence of the text.