Why You Should Have A Lasting Power Of Attorney
"Death and taxes are the two certainties in life, and Inheritance Tax (IHT) combines them both. Notorious for crippling many aristocratic families, especially following World War One, I..."
The loss of capacity to manage one’s own affairs can cause problems such as being able to pay bills, access bank accounts and investments and make decisions about medical treatment or where you live.
Setting up a Lasting Power of Attorney is recommended so that you can choose who may step in to manage your affairs if you become unable to do so at some point in the future. This could be a family member or close friend
There are a variety of different options available and we would be happy to discuss this with you.
If someone is unable to manage their own affairs and cannot make a power of attorney because they lack the necessary capacity to do so, the only alternative is for an application to be made to the Court of Protection. This will enable the Court to appoint a Deputy to manage that person’s affairs.
We specialise in making applications to the Court of Protection on behalf of proposed Deputies, and in the vast majority of cases applications are made by the next of kin of the person concerned.
To find out more about Powers of Attorney or the Court of Protection, please contact one of the team below. We also offer excellent will services from our inheritance solicitors and dispute resolution solicitors, should you need us.