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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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