BUSINESS
Powers of Attorney
Kelie Cooper
Wills and Executries Registered Paralegal MacPhee & Partners
Have you recently entered a room and thought; “Now, what did I come in here for?” pay your bills or to get money If so, then it may be time to Attorney.
A Power of Attorney is a docu- ment that you sign while you still have capacity to deal with your own affairs, giving your spouse, children or someone else you trust the authority to behalf, both now or in the event of you becoming inca- pacitated and no longer being able to deal with your own af- fairs. The Powers contained in the document can cover your Welfare and also your Finan- cial affairs.
If you lose capacity and have not granted a Power of At- torney, your family, friends or Social Services may require to apply for a Guardianship Order through the Court to deal with your affairs. This is a much more expensive option and - ise. All this has to be in place before anyone can act on your behalf.
Some families are under the misconception that they will be able to deal with each oth- er’s affairs without the need for a Power of Attorney, but this is not always the case. It can a relative who is trying to as- sist you.
- ing a Power of Attorney can- not be underestimated, giving you have appointed the right - cisions for you. As people are living longer - with more over the age of 60 than under 16 - more and more people are granting Powers of Attorney than ever before.
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