Arranging to formally manage a relative’s money for them is a big step for both of you. For them, it means giving up control and putting trust in someone else with their money and their decisions. For you, it means taking on the responsibility of family financials, it isn’t something to be done lightly. It …
A Power of Attorney is a legal document giving someone else the authority to take actions or make decisions on your behalf. It enables you to choose a person/ or people (called an attorney) to deal with your property, money, and other affairs. Who can be a Power of Attorney? The appointed person is known as …
Your Questions Answered – Enduring Powers of Attorney
In life, there may come a time when, because you are incapable of managing your financial or property affairs, you will need someone to do this for you. A Power of Attorney relates to a legal document that enables someone to act on your behalf or make decisions for you. This can be a family …
It can be difficult to think about a time when you might not be able to manage your own finances or legal decisions. However, it is important to consider how much worse the situation may be if you had a serious accident, stroke and dementia without sorting it first. Without appointing a power of attorney, …