By providing a continuing power of attorney, a person can prepare in advance for the management of their affairs in the event that they are at a later time unable to manage them themselves. A continuing power of attorney is a highly recommendable way of securing one’s future. Thus, it is advisable to draw up one as early as possible. In cases where the person remains capable of taking care of their own affairs right to the end of their life, their continuing power of attorney is never confirmed and entered into force.
Do the following
In a continuing power of attorney, the person (donor) appoints an another person (donee) to manage their affairs. The donee has to agree on the tasks, and the donor has to define which affairs the power of attorney will cover. It is also advisable to appoint a deputy donee.
A continuing power of attorney is to be done in writing and in a standard format. Therefore, it is advisable you ask an expert to help you draw up the document. Once drawn up, a power of attorney will be kept safe until the need for it arises. A continuing power of attorney will only enter into force after it has been confirmed by the Finnish Digital and Population Data Services Agency. You have to apply for a confirmation by filling in a form.
To whom and on what terms
The general precondition for drawing up a power of attorney is that the donor has reached the age of 18 and is able to understand the significance of the power of attorney.
It would be wise to start preparing a power of attorney at latest when the initial symptoms of impaired functional capacity have already emerged. However, in this case, it may already be necessary to request a medical certificate to ensure that the donor is able to understand the significance of the power of attorney.