ACT NOW if you want to avoid the additional fees and registration requirements under new legislation due to come into force on 25 April 2023.
An Enduring Power of Attorney (EPA) allows you to appoint a chosen individual or individuals to manage your property and affairs and make decisions on your behalf in the event you can no longer do so due to illness or capacity. Do not presume that your next of kin or loved ones will automatically be given this right!
Currently, you can ask your Solicitor to prepare an EPA on your behalf and once signed this is held in your Solicitor’s office until it is required to be registered.
The new legislation means that from 25 April 2023 any new EPA must be registered with the Director of the Decision Support Service (DSS) and a registration fee will be payable. It is also proposed that the register can be searched by certain professions or institutions like banks, solicitors and doctors, to check whether individuals have made an EPA, something you may prefer to keep private.
Should you wish to prepare an EPA in advance of the deadline, please contact us on info@galvansolicitors.ie or 07191 50555.