Powers Of Attorney
There may come a time in your life when you are no longer able to administer your financial affairs effectively due to old age, dementia or other serious illness.
You can prepare for this possible situation in advance, by granting power of attorney to a family member or close friend. It will give you the peace of mind knowing that someone you trust has control over decisions you want to be made on your behalf if you lose capacity to make them yourself.
If you run your own business it is very important that you appoint an attorney to deal with the financial side, should you not be able to do so yourself. This could be a business partner or professional adviser.
It is also possible to appoint an attorney to make decisions about your health and welfare, in cirmcumstances where you lack the mental capacity to make decisions yourself.
Once you have lost mental capacity it is too late for you to make a power of attorney, which is why it is prudent to do so whilst you are still healthy.
The Court of Protection can appoint a ‘deputy’ for someone who lacks mental capacity, if there is no power of attorney in place.
rhw can help you with:
- Lasting powers of attorney (for finances or welfare)
- Court of Protection applications
Contact rhw’s team on 01483 302000 or email: mailto:firstname.lastname@example.org