Does someone else have authority to deal with your financial affairs in the event that you are overseas, or hospitalised with serious injuries or otherwise unable to do so yourself?
A Power of Attorney enables your financial affairs to be managed according to your wishes when you are unable or do not want to conduct them personally.
You can use a Power of Attorney for almost any financial purpose: for example, you can authorise your attorney to collect debts, vote at meetings, operate your bank account, manage your investments or carry out any other function which can be lawfully delegated.
An ordinary Power of Attorney cannot continue to be used by your attorney after you have lost capacity to deal with your financial affairs, but an Enduring Power of Attorney continues after you have lost capacity.
It is also important for everyone who may one day require someone to make decisions relating to where they live, what health care they receive, and daily issues like diet and dress to have an Enduring Guardianship in place.
The person you appoint will be able to make decisions about your lifestyle and general welfare when you no longer have the ability to do this for yourself.
At Snelgroves we can ensure your financial affairs and healthcare decisions are managed by a person you trust. If you would like to find out more about how we can provide you with peace of mind in these areas, please contact us.