A Power of Attorney is an official legal document allowing you to appoint a person or organisation to make decisions on your behalf if you become unable to do so. It is something that you should think about when planning for your future and could be created at the same time as you make a Will.
The sorts of decisions a Power of Attorney allows someone else to make on your behalf could include decisions about:
- Financial and business transactions;
- Buying life insurance;
- Managing business interests,
- Making limited gifts;
- Employing professional help;
- Choosing a care home;
- Medical decisions.
There are various types of Power of Attorney. A Lasting Power of Attorney which can be for either financial decisions or health and care decisions; or an Enduring Power of Attorney which although can no longer be made, do still exist where people have made them before 2007.
Our specialist team can talk you through the different types of role and help you decide which type is best for your circumstances.
If you would like some further advice, please contact us and we will be happy to advise you.
You can also download ourLasting Powers of Attorney guideto read more about why you should have one and how we can help.