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Power of Attorney Services from Bannister Preston

A Helping Hand

Many suffer quite lengthy periods of physical and mental incapacity in later life.

This could happen to you, meaning someone will have to look after your finances and see that bills are paid on your behalf.

If you do nothing and becme mentally incapable, a Deputy has to be appointed by the Public Guardianship Office in London, which is a very expensive, frustrating and time consuming procedure.

Couples can defer the problem by operating joint investment account, but these do not protect the survivor and may not be tax efficient.

The Solution?

A Lasting Power of Attorney

Key Features

·         Power of Attorney must be given while you are mentally capable of managing your affairs.

·         It must be your  decision – not that of the family!

·         You can appoint more than one Attorney and specify whether they are empowered to act seperately or always together. You can also appoint a replacement Attorney

·         Your Attorney is usually given general powers to act in your interests in respect of any aspect of your affairs, but you may impose personal restrictions.

·         Using Power of Attorney may make provision for anything you yourself might be expected to set up for your own needs.

                       Be Prepared

     Consider setting up a Power of Attorney at the same time that you revise your wills