An Ongoing Power of Attorney, When Needed

AN ONGOING POWER OF ATTORNEY, WHEN NEEDED
Due to the increase in life expectancy, the proportion of seniors in the population is rising. One of the accompanying consequences is the growing awareness that at a certain age, dementia may become a possible reality. But how do you prepare for this? With the help of an ongoing power of attorney. Additional details are added by Adv. Hahn (from the firm of Shimon Hahn).
CONTINUING POWER OF ATTORNEY, FROM WHAT AGE CAN BE SIGNED
Theoretically, any adult can sign a continuing power of attorney. This power of attorney means that a trusted person, relative or professional (including a lawyer) can assist in the management of the affairs of a person whose jurisdiction has been impaired. An ongoing power of attorney in Jerusalem ensures that the client is aware of all the implications and that he is legally and mentally competent to make the decision. In practical terms, there are rare cases where young people seek to create lasting power of attorney. Most often, these are older people, even if not necessarily elderly. It is important to note that this step is reversible and can be canceled if desired. It is also possible to decide which issues will be covered by the power of attorney.
WHAT ARE THE PURPOSES OF THE CONTINUING POWER OF ATTORNEY?
The goals of an ongoing power of attorney are to know that if necessary, there will be a trusted figure that will make the right decisions for you. It is possible that someone from whom a power of attorney is authorized will define situations, a kind of cases and reactions. For example, it will be defined where certain investment funds will be directed. Or situations will be defined in which the residential address will be changed. Full autonomy can be granted to the proxy for decisions such as the date of transfer to a nursing home, decisions in health and medical matters, medical treatments, and the like.
If you want to have some control over the proxy, this is definitely possible. In such a situation, an attorney for a continuing power of attorney indicates who the people will receive ongoing reports from the power of attorney. For the avoidance of doubt, whoever is appointed as a proxy will act for the benefit of the signers and if he is not interested in serving as a proxy, there will be no effort to force him.