As important as it is to consider preparing documents, such as Lasting Powers of Attorney, to ensure that your finances and health decisions are kept in order should you no longer be able to look after your own affairs, it is equally important to ensure that you have the right people in place to do so.
A Lasting Power of Attorney is a document which can prevent a difficult situation from descending into something much worse, however, when entered into without the correct advice and consideration they can have the opposite effect.
An article published on the Daily Mail, in which an unscrupulous Attorney stole £120,000.00 from her mother, highlights the importance of making the right choices when preparing such documents.
Situations like this can often be avoided and doing so is often simply a matter of asking the right questions, being in possession of the relevant facts and taking the necessary steps to safeguard against such outcomes.
In most cases appointing Attorneys to look after your affairs, should the worst happen, makes a difficult situation substantially more bearable, however, there are a number of factors to consider when doing so and it is prudent to seek legal advice before entrusting others with control over your finances and health decisions.
If you are considering making a Power of Attorney, contact our expert Private Client Team on 0800 988 3650, email willsandprobate@ramsdens.co.uk or text LAW to 67777.