A POWER OF ATTORNEY CAN LAPSE
It is often accepted by clients that if they sign a Power of Attorney in favour of a child or a trusted person, that that person will be able to handle their affairs in case they become incapable of managing their own affairs, irrespective of their mental state. The question that arises is whether such a Power of Attorney would remain operational in the event of the parent becoming incapable of managing his own affairs, for example in an instance where the parent is diagnosed with Dementia or Alzheimers disease. The answer is…Read more …