What is the STEP Global Representative Power?
The STEP Global Representative Power (GRP) is a template and a benchmark for a lasting/enduring power of attorney that is globally recognised and portable across borders. It serves as a model ‘best-practice’ template to governments globally when developing new legislation or reviewing existing provisions.
Why do we need the STEP GRP?
The STEP GRP was developed by a group of STEP’s expert members in response to concerns from practitioners about the absence of a globally recognised and consistent form of lasting/enduring power of attorney.
Global ageing populations mean that increasing numbers of people across the globe need to plan for what would happen if they were to lose mental capacity. But in many countries, there is no way for them to do so, as there are no legal frameworks in place to enable this. In others, the legislation exists, but it may not be as robust as it should be.
This lack of consistency from one country to another presents significant barriers to protecting and upholding the rights and interests of vulnerable clients, particularly in an age where many people have property and family in different countries.
The STEP GRP aims to resolve this by proposing a set of guiding principles that, if adopted globally, would provide consistency and portability while protecting the rights and interests of vulnerable people.
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