Power of attorney
The value of granting a power of attorney cannot be overstated. A suitable power of attorney will enable your family to avoid the difficulties which may arise when an individual loses his or her mental capacity.
If a suitable power of attorney is not in place then financial and business affairs become difficult to manage. If the loss of capacity is permanent it is likely the family will be required to go through the complex, time-consuming and expensive process of having a financial guardian appointed by a court, and perhaps a welfare guardian too. This can be avoided if a suitable power of attorney is in place to enable timely and appropriate intervention.
Contact us today if you would like to discuss granting a power of attorney.