Powers of Attorney – Insurance Policies for the Future
A Power of Attorney is a legal document that gives other people of your choosing the legal right to manage your financial affairs and/or make decisions about your health and welfare. Of course, we all hope to retain full physical and mental health until our death, in which case such a document would never be needed. However, if we have an accident or develop a physical or mental health problem which limits our ability to make decisions for ourselves, it might well be essential. Even the ageing process itself can mean we are less able to get out and about or speak on the telephone.
This is where we can help you.
If you have a Power of Attorney in place, you will have the comfort of knowing that a person whom you trust will make the right decisions for you, not just if your abilities are restricted but also if you are going to be absent from the UK for any length of time.
A Power of Attorney is particularly important to consider if you have recently been diagnosed with a progressive illness, such as Parkinson’s Disease, Dementia, Multiple Sclerosis or Huntington’s Disease.
If you have not appointed an Attorney to act for you, the only remedy would be to make an application to the Court of Protection to appoint another person to manage your affairs. That person may well not be someone whom you would trust to be given such rights. Not only that, applications to the Court of Protection can often be costly and lengthy at what may be a difficult time for you.
We believe that you should actively consider the future management of your affairs. We provide comprehensive advice on setting up a Power of Attorney, so contact us now and have the peace of mind that this insurance policy for the future gives.