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enduring power of attorney

 

Hong Kong -- Dementia  Dementia

Some close relatives or friends manage the finances

Some close relatives or friends to manage the financial affairs

   

 Year  Age   patient    people_cc781905-5cde-3194 -bb3b-136bad5cf58d_   %
 年      年齡  _cc781905 -5cde-3194-bb3b-136bad5cf58d_患者        _cc781905-5cde -3194-bb3b-136bad5cf58d_人口       患者

          _cc781905-5cde-3194 -bb3b-136bad5cf58d_           _cc781905 -5cde-3194-bb3b-136bad5cf58d_         _cc781905-5cde-3194- bb3b-136bad5cf58d_           _cc781905- 5cde-3194-bb3b-136bad5cf58d_     _cc781905-5cde-3194-bb3b- 136bad5cf58d_         
2009 >60 103,000 7,500,000 1.37%
 

2039 >60 330,000 8,892,800 3.71%

There will be about 103,000 people in 2009,   

Increase to more than 330,000 in 2039, the situation is of concern.

A geriatrician said that in recent years, although the society's awareness of dementia (ie, Dementia) has deepened, few people will give advance notice in terms of property, psychology and law about the possible consequences of dementia. arrange.

enduring power of attorney

In this regard, Hong Kong introduced an Enduring Power of Attorney in 1997, which allows a donor (i.e. a person who intends to delegate his power to others) to appoint an attorney when he has mental capacity so that the attorney can take care of his financial affairs when he is incapable of doing so. . Under the Ordinance of Enduring Power of Attorney, its benefits are:

1. Allow an individual to choose who (more than one person) will perform his/her affairs when he/she is unable to take care of his/her own affairs.

2. Avoid costly and intrusive court proceedings by appointing another person to take care of personal affairs.

3. Manage personal property efficiently and cost-effectively.

4. Avoid the difficulties and troubles that family members may face when managing their affairs.

However, the attorney must

a. Aged 18 or above,

b. With no bankruptcy record and mental capacity, he can be a trust corporation.

c. He/she may appoint more than one attorney so that they can assist and monitor each other.

d. In addition, the donor may designate the attorney to act "jointly" or "jointly and severally".

 

Duties required by attorneys under an EPA, including

1. To exercise their powers honestly and to the best of their ability;

2. Keeping accounts and records in a sound manner;

3. Entering into any transaction without creating a conflict of interest with the licensor and

4. Do not mix the donor's property with other property.

Therefore, the attorney is only dealing with its assets in the donor's interest. At the same time, he/she should not take advantage of it and avoid conflict of interest with the licensor.

In this regard, the attorney's conduct will be monitored by an interested party.

Hong Kong - Dementia 
Year  Age   patient   people     _cc781905- 5cde-3194-bb3b-136bad5cf58d_         %
2009 >60    103,000   7,500,000   1.37%
2039 >60    330,000    8,892,800 _cc781905-5cde-3194-bb3b -136bad5cf58d_3.71%
There will be about 103,000 people in 2009,  
There will be more than 330,000 people in 2039, the situation is of concern.
A geriatrician said that in recent years, although the society is well aware of dementia  , few people will give advance notice in terms of property, psychology and law about the possible consequences of dementia._cc781905-5cde -3194-bb3b-136bad5cf58d_

Enduring Power of Attorney - a legal document :-
In this regard, Hong Kong introduced an Enduring Power of Attorney in 1997, which allows a donor (ie a person who intends to delegate his power to others) to appoint an attorney (being empowered to act for the donor) when he has mental capacity so that the attorney can take care of his financial affairs when he/donor is incapable of doing so. . Under the Ordinance of Enduring Power of Attorney, its benefits are:
1. Allow an individual to choose who (more than one person) will perform his/her affairs when he/she is unable to take care of his/her own affairs.
2. Avoid costly and intrusive court proceedings by appointing another person to take care of personal affairs.
3. Manage personal property efficiently and cost-effectively.
4. Avoid the difficulties and troubles that family members may face when managing their affairs.
However, the attorney must
a. Aged 18 or above,
b. With no bankruptcy record and mental capacity, he can be a trust corporation.
c. He/she may appoint more than one attorney so that they can assist and monitor each other.
d. In addition, the donor may designate the attorney to act "jointly" or "jointly and severally".
Duties required by attorneys under an EPA, including
1. To exercise their powers honestly and to the best of their ability;
2. Keeping accounts and records in a sound manner;
3. Entering into any transaction without creating a conflict of interest with the donor and
4. Do not mix the donor's property with other property.
Therefore, the attorney is only dealing with its assets in the donor's interest. At the same time, he/she should not take advantage of it and avoid conflict of interest with the donar.
In this regard, the attorney's conduct will be monitored by an interested party.
 

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