LASTING POWER OF ATTORNEY

Nobody likes to think about losing the ability to manage their own affairs, but it is important to put arrangements in place should that happen. Powers of Attorney gives someone you trust the ability to make decisions on your behalf.

WHAT ARE POWERS OF ATTORNEY?

Nobody likes to think about losing the ability to manage their own affairs, but it is important to put arrangements in place should that happen. Powers of Attorney gives someone you trust the ability to make decisions on your behalf. These documents can be used to handle financial and legal affairs as well as make decisions about medical care or funeral arrangements.

WHY DO I NEED POWERS OF ATTORNEY?

Powers of attorney give you and your loved one’s peace of mind if anything should happen to you. This gives you more control over what happens to you if you have an accident or an illness and cannot make your own decisions (you ‘lack mental capacity’).

There a two types of Power of Attorney:
Health and Welfare. This gives the attorney power to make decisions such as: 

  • your daily routine, for example washing, dressing, eating
  • medical care
  • moving into a care home
  • life-sustaining treatment

Property and Financial Affairs. This gives the attorney power to make decisions about:

  • managing your bank or building society account
  • paying bills
  • collecting benefits or a pension
  • selling your home

Need further help and clarification on how to obtain a Power of Attorney?

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PROBATE

Probate is the legal right to deal with someone's property, money and possessions when they die. If the person who died left a will, this explains what should happen to their estate.

INHERITANCE TAX

Inheritance tax is a tax on the 'estate' of someone who's passed away. How much you pay depends on the value of the deceased's estate – which is valued based on their assets, minus any debts.

TRUSTS

Using a trust can give you peace of mind that your chosen beneficiaries will inherit from your estate. The benefits can include reducing the care fees payable to the local authority and have tax advantages.

DOCUMENT STORAGE

If your Will were to be damaged in any way, the courts could declare the Will invalid. We offer safe and secure storage of your legal documentation in both digital or paper form.

TENANTS IN COMMON

Tenants in common is a term used when two or more people have a share in a property – as in spouses or civil partners – but as separate owners entitled to their own share of the property.

PROPERTY CONVEYANCE

We work with a team of legal experts who will prepare legal documents for a property sale, remortgage or lease extension, and transferring legal ownership if the property is being sold.

FINANCIAL PLANNING

We work with a team of independent financial planners who will help you plan for changes in your income, pensions, insurance, savings and investments. Need help. Contact Us.

LASTING POWER OF ATTORNEY

Nobody likes to think about losing the ability to manage their own affairs. Powers of Attorney gives someone you trust the ability to make decisions on your behalf.

LASTING POWER OF ATTORNEY

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