Our Estate Planning advocates are here to help you. If you would like power of attorney advice, contact us on 01624 665522 for expert estate planning advice.
As we get older, managing finances and personal affairs can become difficult. You may find over time that you’re unable to effectively organise your affairs due to mental or physical illness, disability, or even an accident. It’s important to introduce practical measures and be prepared for any future possibilities.
If you or someone you know is experiencing this, it’s essential to seek legal advice and ensure that the things you’ve worked hard for are well-managed. At Quinn Legal, we appreciate how sensitive situations like this can be. As it can be a troubling time, we’ll always work compassionately with you to find appropriate solutions.
What Is A Power Of Attorney?
When someone is given power of attorney they have the legal authority to act on your behalf. In some situations, this can be temporary authority as you may only require short-term assistance (e.g. due to hospitalisation when you still have bills to pay).
In other instances, you may wish to give authority to someone indefinitely. You may be concerned about losing the ability to organise your finances because of a recently diagnosed illness, for example dementia or Alzheimer’s.
It’s important to make decisions about power of attorney as soon as you’re aware of a problem. Getting this part of your affairs in order can relieve anxiety and give you peace of mind.
Enduring Power Of Attorney
An enduring power of attorney is a legal document that lets you outline who would make decisions on your behalf, should decision-making become difficult in the future. It allows you to consider what happens to your property and finances.
An Enduring Power Of Attorney Can Help You To:
- Give authority over your affairs to someone you trust (e.g. a loved one or friend)
- Stipulate how much power they have and what they can assist with
- Minimise future stress as plans are secured ahead of time
- Handle any family or friend disputes about who should manage your affairs in advance
Power of Attorney Advice and Help?
Our Private Client team are specialists in power of attorney advice. We’ll offer you clear guidance about power of attorneys and assist in organising them in a timely manner. If you are looking for Power of Attorney Isle of Man then our expert team can help you today.
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