Lasting Power of Attorney
Growing old can mean problems for us and our loved ones.
- Loss of mobility or illness can make it difficult to manage your affairs.
- The prospect of unpaid bills can cause unnecessary stress and anxiety and delay someone's recovery.
- Anyone at any age can encounter problems due to an accident or illness.
- A spouse, partner or any relative or friend losing capacity is difficult enough for loved ones without the added worry that finances are becoming muddled.
What if I am unable to manage my affairs?
There may come a time in your life when you are unable to manage your financial affairs or personal welfare, owing to some form of incapacity and you will need someone to act on your behalf.
Even when we are young we can find ourselves incapacitated due to illness or injury, and it can be invaluable having a reliable person, who is able to manage your personal affairs and remove anxiety at a time when you most need peace of mind.
Similarly as we get older, the need for attorney increases as we are more prone to illness and injuries. Creating an Attorney in advance, ensures that if the worst should happen, you can rest assured that both your financial affairs and personal welfare are in safe hands.
So who do I choose?
You can appoint a friend, relative, or a professional as your Attorney. This allows them to act on your behalf. It is important you choose who you would like to act on your behalf very carefully. You should choose people you can trust to always act in your best interests, giving consideration to how they manage their own affairs. It is always a good idea to appoint more than one Attorney to ensure that this power is not abused.