Many people come to NZFP with a fulfilling career and a reasonably healthy lifestyle. We all like to think we’re bulletproof, but it goes without saying that we don’t appreciate our health and wellbeing until something unexpected happens. Your financial planner helps you ensure that, in the event of an accident or sudden health issue, there is already a plan in place to secure your finances – whilst supporting you and your loved ones during a difficult time. Your EPA is essential for financial and emotional security – for you and your loved ones An enduring power of attorney (EPA) is a legal document granting a trusted person the power to act on your behalf, in the event that you’re physically or mentally incapacitated – such as from a car accident or a stroke. To create your enduring power of attorney document you’ll need the guidance of your lawyer. At NZFP, we ensure clients seek legal advice as they establish these fundamental documents that are the foundation of a healthy financial plan. Your financial planner will point you in the right direction, and it’s often helpful to review your will and your EPA together with your lawyer. You can appoint 2 attorneys within an EPA document: Personal care and welfare: your appointed attorney is authorised to make important decisions regarding your health and wellbeing, such as treatments or hospitals if you experience a medical event Property and assets: your appointed attorney is authorised to manage and make financial decisions with your property and assets, on your behalf At this stage you may just want to appoint one person as your attorney for both – such as your partner. But when you’re older it may be more appropriate to appoint your children or another trusted person – and possibly split the personal and property roles. Your lawyer will guide you to make the right decision about who to appoint as your attorney. If you don’t have a current relationship with a lawyer, NZFP can help you find someone suitable.