A Lasting Power of Attorney allows you to choose someone, known as your attorney, to make decisions on your behalf. Once registered, this can allow your attorney to make decisions on your behalf immediately or at a time when you can no longer make decisions for yourself. The majority of lasting powers completed relate to property and financial affairs. These authorise an attorney to operate bank accounts, manage investments and buy and sell property on your behalf. It is also possible to appoint attorneys to make decisions regarding health and welfare matters. This may cover medical treatment that you would, or conversely may not wish to receive, in such circumstances that you may specify and also whether you continue to live in your own home or move into residential care.
AMD can advise you on the appointment of appropriate attorneys and assist with the preparation of a Lasting Power of Attorney tailored to meet your particular requirements.
Leaving a will ensures our affairs are taken care of after our death but not everyone considers what happens if they are not able to manage their affairs in their lifetime. We as a population are living longer, and it’s possible that one day you will be unable to manage your own financial affairs and welfare.
Have you registered an enduring or lasting power of attorney in the last 5 years? If you have then you will be able to claim a refund of part of your application fee.
You may have seen or heard the comments of retired senior Judge Denzil Lush concerning Lasting Powers of Attorney and why he would never sign one himself. This has prompted new and existing clients to consider whether they should retain their power of attorney or enter into one.
Powers of Attorney are instruments which allow a third party to take decisions on your behalf if you lose the capacity to do so.
Last month, AMD Solicitors hosted two probate talks to outline current issues in Private Client Law. The talks are held to inform members of the public about the changing law and there are opportunities to ask questions. We had an excellent turn out last month presenting to 30 people at the Trinity-Henleaze United Reformed Church.
By Andrew Jack Wills and Probate Solicitor with AMD Solicitors
Andrew Jack of AMD Solicitors discusses the importance of Lasting Powers of Attorney and who is suitable to make important decisions on your behalf.
Andrew Jack, Probate and Wills Specialist with AMD Solicitors answers a frequently asked question regarding looking an elderly relative.
Andrew Jack of AMD Solicitors gave a talk to around 40 members of a Westbury-on-Trym community organisation on 2 April 2012 about the various options available to them on planning for their later years.
Andrew Jack and Florence Pearce, Solicitors at AMD raise the question every business owner should think about.