Lasting Powers of Attorney
As the number of older people in our population increases the need to provide a safe means of dealing with assets also increases.
It is possible to make what is known as a Lasting Power of Attorney which allows you to appoint someone of your choosing to deal with your financial affairs, for example, the signing of forms and cheques and the management of financial affairs for you, should physical difficulties or mental incapacity prevent you from doing so yourself.
You can also appoint somebody to make decisions regarding your health and welfare should you become mentally incapable of making the decisions yourself.
Making a Lasting Power of Attorney is a safeguard for the future but need not necessarily mean you lose control over your affairs. With a Lasting Power of Attorney in place you are still free to deal with matters for yourself so long as you feel able or are willing to do so. The Power of Attorney can be revoked at any time while you still have mental capacity and conditions can be placed upon its use or scope.
If you or any family members are interested in executing a Lasting Power of Attorney we will be pleased to discuss matters with you.
