Taking control of your future means planning for every possibility, with one of the best ways to do this in the UK being to set up a power of attorney. This legal document allows you to choose someone you trust to make decisions on your behalf if you become unable to do so through illness, injury, or loss of mental capacity.
Ensures your wishes are respected
A lasting power of attorney ensures your wishes are respected while protecting your finances, health, and wellbeing. There are two main types: one for property and financial affairs, covering bank accounts, paying bills, or selling property, and another for health and welfare, which covers medical treatment, care, and living arrangements. You can choose one or both, depending on your circumstances.
By appointing your attorneys, you have peace of mind
Without a power of attorney, your family may face lengthy and costly legal processes to gain authority over your affairs through the Court of Protection, which can cause stress at an already difficult time. By appointing your attorneys now, you maintain peace of mind, knowing your representatives will act in your best interests.
You can apply for a power of attorney online //powerofattorneyonline.co.uk/ to ensure your affairs are managed properly. Money saving expert Martin Lewis says he has had one since his 30s
Creating a power of attorney is straightforward
It can be done with legal guidance or through the Office of the Public Guardian. It is not only for older people, as anyone can benefit from having one in place.
