What is Lorem Ipsum?
A Power of Attorney (or POA) is a legal document which appoints one or more persons who can make critical decisions on your behalf in the event that you are unable to make these decisions yourself. A Power of Attorney may become necessary in certain situations for example if you are out of the country and need someone to deal with your matters on your behalf, in your absence, of if you ever become debilitated due to an injury or illness.
The person(s) you appoint in your POA are referred to as your ‘Attorneys’.
In England and Wales, there are two types of Lasting Power of Attorney:
LPA for Property and Financial Affairs
LPA for Health and Welfare
A Power of Attorney becomes invalid once the donor passes away and therefore it is only valid for the duration of someone’s life.
YOU SHOULD CONSIDER CREATING A POA IN THESE SITUATIONS:
You are going to holiday in another country for a long stretch of time.
You want to guarantee someone you implicitly trust has control over your affairs.
You have a health condition which could eventually impair your mental soundness.
Your employment makes you travel out of country for extended periods.
You are a member of the military and are being stationed overseas.
You want your spouse or family member to control what medical treatments you agree/disagree to if you are unable to express your wishes.
We are able to assist you in preparing and executing a Power of Attorney for your specific requirements for the UK and abroad.
Please contact us for an appointment and further information.