Making a Power of Attorney allows you to plan in advance who you would like to act on your behalf in the event of you being unable to manage your own affairs.
It may be that you are simply out of the country for a while and need someone to manage your financial affairs whilst you are away. In this case a simple Power of Attorney can authorise an attorney to make specific financial decisions on your behalf.
A Lasting Power of Attorney (LPA) can provide an attorney with the authority to act on your behalf in relation to your finances and/or your health and care. It is also possible to provide your attorneys with the authority to give or refuse consent to life sustaining treatment on your behalf if you have strong views on this.
Whilst it is no longer possible to create a new Enduring Power of Attorney (EPA), there are times when an Enduring Power of Attorney (EPA) must be registered with the Court and we can assist with this process.
There is often a misconception that Powers of Attorney are set up only when an individual gets older or when an individual’s mental health is in decline. In fact, it is important that Powers of Attorney are set up sooner rather than later and certainly whilst an individual has the requisite mental capacity to understand the arrangement.
Whatever your situation, we can advise you on the correct Power of Attorney and process that needs to be followed.
For any advice or assistance please contact our Private Client team.