Power of Attorney for Personal and Financial Affairs
PreLex offers a wide range of legal services related to family law documents. Our experts assist you in drafting the necessary documents and ensure that they comply with all legal requirements.
A power of attorney for personal and financial affairs (edunvalvontavaltuutus) allows an individual to arrange in advance for the management of their affairs in case they later become unable to do so due to illness, deteriorating health, or a similar reason. Through this authorization, you can proactively anticipate a possible loss of capacity and appoint a trusted person to manage your matters when your ability to act is diminished. The authorization enables pre-defined, personalized solutions concerning both financial matters and personal issues, such as healthcare.
It is advisable to prepare a power of attorney well in advance to ensure clarity about who will manage your affairs when you are no longer able to do so yourself. Additionally, it is a lighter and more flexible alternative to formal guardianship. The power of attorney must comply with certain formal requirements and is best drafted with the assistance of a lawyer experienced in this area.
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