Powers of Attorney
You may have heard the term Power of Attorney and thought that it only applies to people that have had their bus pass for decades. Although that may be the case for many, it is important to understand that by appointing an attorney sooner rather than later, you ensure that should you lose the ability to make your own decisions, you present your relatives with a much less expensive and legally challenging state of affairs.
A Power of Attorney empowers a relative or other trusted person to act in your place and make decisions on your healthcare and/or your financial arrangements. There are a few different types of Powers of Attorney. The granting of Powers relating to your financial and property affairs are known as "Continuing Powers". Continuing Powers can be set up to take effect immediately or when incapacity begins. The granting of Powers relating to your physical and mental wellbeing is known as “Welfare Powers”. Welfare Powers cannot be exercised until such time as the capacity to make your own decisions has been lost. A Power of Attorney document should contain either Continuing Powers, Welfare Powers or like for most a combination of both.
At Inksters, we can advise you on all aspects of creating a Powers of Attorney. When you are ready we can draft a Power of Attorney appropriate to your situation. Once you have signed your Powers, as part of Inksters service we complete the paperwork required for registration with the Office of the Public Guardian. This ensures your arrangements are protected so that should the need ever arise, your attorney is able to step into your shoes with minimal complications. This means you receive the assistance you require when you need it most, and your relatives are spared the expense and legal challenges which otherwise could interfere with their attempts to do best by you.
If you are thinking about the future please bear in mind that Inksters can also assist you with the preparation of a
Will.