Power of Attorneys can be arranged for your loved ones so they are able to make the right financial and/or health decisions on your behalf, if you are mentally incapable of making them for yourself.
A Financial Power of Attorney allows you to remain in control of your finances now, but allows friends or family you trust to act as your ‘attorney’ when you are unable to do so. Without a Power of Attorney in place your family may have to go to court to attain deputy ship, a costly and time-consuming process with ongoing annual fees payable.
With a Health Power of Attorney your health and care decisions can only be made once you have lost your mental capacity. An ‘attorney’ can then generally make decisions about things such as where you should live, or your medical care, ensuring you are looked after the way you would have wanted. Without a Health & Welfare Power of Attorney in place, you’re at risk of losing the ability to make vital decisions about your medical treatment and care.
You can only set up a Lasting/Power of Attorney when you have full mental capacity. Once you’ve lost capacity, it’s too late. Call us today on 0800 802 1812 to discuss how we can help you make things easier for your family.