What is the difference between a general power of attorney and an enduring power of attorney?

A general power of attorney is only valid while you are of sound mind. They are usually used for a specific purpose e.g. to sell a property, or for a specified period eg. while you are overseas.

A general power of attorney becomes void if you become of unsound mind or you die, whichever occurs first.

In contrast, an enduring power of attorney continues to be valid, even if you become of unsound mind. It enables your attorney to continue to manage your assets for you, if you can no longer do so. An enduring power of attorney, unlike the general power of attorney, must be explained to you by a prescribed witness e.g. your lawyer.

If the difference between the two documents is still unclear, please give one of our team members a call.