Here in our latest blog, associate and family law expert Rupinder Nandra warns cohabitees about...
Why do I need a Power of Attorney?
If you do not have a Power of Attorney in place and you became unable to manage your own affairs, e.g.,
- You suffer an accident and are confined to a hospital bed, or a residential or nursing home.
- You suffer a more serious accident which permanently incapacitates you.
- You become mentally incapable as a result of old age or illnesses such as dementia or Alzheimer’s.
What if I do not make a Power of Attorney?
The only way a person can manage your affairs is by seeking an Order of the Court of Protection for the appointment of a Deputy.
Making a Power of Attorney.
Whilst nobody likes to think of a time when we can no longer make decisions regarding our finances or our health and welfare, it is reassuring for everyone involved to know that should that time arise, something is in place to ensure that life does not become any harder than it needs to be.
Appointing a person that you trust as an ‘attorney’ to make decisions about your property and finances and/or health and welfare will provide you and your family with peace of mind. It ensures that whatever happens in the future those important decisions can be made with the least amount of fuss and you and your affairs can be properly looked after.
The specialist private client team at mfg can advise on all types of Powers of Attorney to suit your individual circumstances including:
- Simple Powers of Attorney
- Enduring Powers of Attorney made before October 2007
- Lasting Powers of Attorney in relation to property and financial affairs
- Lasting Powers of Attorney in relation to health and welfare
You can rest assured that we will spend time with you to understand your family circumstances and to ensure that any document drawn up is personalised and unique to you.
Once your Power of Attorney is signed and made legal and effective, mfg offers a free storage facility to ensure your document’s safekeeping.
If the time comes, our team can also offer your attorneys all the support they need to help manage your affairs, whether that be to let them know of their duties under the Mental Capacity Act 2005 or providing care home advice.
Our team has the extensive knowledge and experience to advise and assist you every step of the way.
mfg also understands that it may be difficult for you to get to one of our offices and so are happy to visit you in the comfort of your own home.
Please do not hesitate to contact us should you wish to discuss any of the issues raised above or any other questions regarding Powers of Attorney.