The role of a Power of Attorney A Power of Attorney gives someone you trust the legal authority to make decisions on your behalf if you’re unable to do so. T ere are typically two types: ■ Financial Power of Attorney - T is allows your appointed person (known as an attorney) to handle or help you with your fi nancial aff airs, such as paying bills, managing investments or selling property. T is can also be used whilst you have capacity, if you permit your attorneys to do so, off ering support at a time when you are perhaps physically incapable.
■ Health and Welfare Power of Attorney - T is allows your chosen person to make decisions about your medical care, treatment options, and even where you live if you’re no longer able to decide for yourself.
Appointing someone you trust ensures that your aff airs will be
handled according to your wishes. It also prevents the courts from appointing someone you might not have chosen, or worse, creating delays during emergencies when swift action is needed.
Reducing stress for your loved ones Perhaps the greatest benefi t of having a will and Power of Attorney is the emotional relief it off ers to your loved ones. At times of crisis - whether it’s a sudden illness, an accident or your passing - your family won’t have to struggle with uncertainty about your wishes or navigate legal red tape on their own. T ese documents act as a guidebook. Your family will know
who is responsible, what actions to take, and how to honour your decisions. T is clarity can prevent family confl icts and provide reassurance during emotionally turbulent times. Many people believe these documents are only necessary later
in life, but life is unpredictable. Accidents, illness or unexpected events can happen at any age. Whether you’re single, married, a parent, or a business owner, having these documents in place is a smart and responsible move. T ink of it like insurance - you hope you never need it soon, but if you do, you’ll be glad it’s there.
A simple step with a profound impact Creating a will and Power of Attorney are the sorts of things that are on the ‘oh I must do that’ list of jobs. It may seem daunting, but the process is often straightforward with professional guidance. Legal experts can help ensure the documents are properly drafted, refl ect your wishes, and are as tax effi cient as possible. Ultimately, these documents are more than legal formalities -
they are acts of love and protection. T ey give you the comfort of knowing your aff airs are in order, your family will be taken care of, and your wishes will be respected. T at peace of mind is a priceless gift for you and for your loved ones.
If we can help you with any of the issues raised in this article, email courtney.l’
homme@howespercival.com or visit
https://www.howespercival.com/services/ wills-probate-tax-and-trusts/
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