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Lasting Powers of Attorney

18th September 2017

Choose your Attorneys wisely

When creating a Lasting Power of Attorney my top tip is to choose people you trust to act.

 

Powers of Attorney are there to be used on your behalf if you can’t make decisions – through illness or accident.

What types of Lasting Powers of Attorney are available?

Lasting Powers of Attorney can cover your Personal Property and Financial Affairs, your Health and Welfare and your Business Property and Financial Affairs.

If you run a business you may be restricted in who can act as an Attorney for you. Professionals e.g. vets, accountants and solicitors running their own business are required by their Regulatory body to appoint an Attorney with the same qualifications.

So who do you trust to ask to act on your behalf under your Lasting Power of Attorney?

Friend or family?

So who do you choose to act on your behalf under your Lasting Power of Attorney?

If you predict that there will be indecision or conflict think about appointing someone independent from your immediate family to act.