Powers of Attorney and Representation Agreements
Everyone should have a power of attorney and a representation agreement. You need both documents, not just one of them, to have a complete plan in place for a time when you are not able to care for yourself.
A power of attorney appoints someone to look after your financial affairs. A power of attorney can be made “enduring,” which means it remains effective when you are no longer capable of looking after your finances yourself. This is the usual reason to have a power of attorney.
A representation agreement appoints someone to make personal or medical decisions for you. You can also have an advance directive, which says what you would like to be done in the event of certain medical events happening to you.