Many people think that Lasting Powers of Attorney are only for the elderly. This simply is not the case, having a Lasting Powers of Attorney is equally important to have incase of accident or sudden illness. Any person from the age of 18 years and upwards should be considering the benefits of this legal document.
If you have a Lasting Power of Attorney in place and you become mentally incapacitated or you are physically incapacitated through accident or illness, then your appointed Attorney/s who will most probably be one of your close relatives, will not face long delays and expenses in applying to the Court of Protection for access to and taking control of your financial affairs and/or your health and welfare. This is because someone appointed as an Attorney, e.g. a wife/husband or son/daughter can make decisions immediately in respect of the person’s bills, running bank accounts, investing money, selling property and making decisions about medical treatment being received.
Lasting Powers of Attorney are recognised by all financial institutions, care homes and local authorities and can be set up easily with the help of Christie Munro Will Writers.