FIND OUT from key-moves

• When is a power of attorney appropriate

• What it covers? 

• How long it lasts? 

• If it restricts your own power? 

• Who you should appoint?

• REMEMBER at no time does an attorney have the power to change your will

For fuller information Contact: info@key-moves.co.uk

The Adults with Incapacity Act came into force in 2001 and changes the way powers of attorney are dealt with.

Powers of Attorney can cover both financial matters and matters more of a welfare nature or a combination of both. ( Perhaps have a link to the web site of the Powers of Attorney web site.)

The financial power of attorney can come in to place straightaway or have a springing clause which means it comes in to operation only if you become incapable of looking after your own affairs. This means that you can chose in advance who you would rely on to deal with your affairs rather than requiring the court to do so.

Guardianship orders

There’s no substitute for individual advice but you may find the following answers to frequently asked questions useful.

• When is a power of attorney appropriate?

It can in some circumstances be convenient to appoint another individual or individuals to manage your affairs or some of them. 

Those who are in ill or failing health and those who work offshore or intend to be out of the country for some time find it useful to appoint such a person.  A Power of Attorney can even be granted as a contingency measure.

• What does it cover?

The power to act can be restricted to one action such as signing a conveyance or can extend to management of one’s entire affairs.

It is important to consider what is required. Gifts for example may be permitted but only if specifically authorised by you.

• How long does a Power of Attorney last?

Powers of Attorney can be withdrawn at any time if you so wish. 

They can be restricted to a certain period of time or until the act they authorise is completed

They can otherwise remain in force for many years. It can make sense to grant a Power of Attorney in case future difficulties arise and many elderly people do so since the absence of any written authority or  document can create problems and complications for family in the event of later incapacity.

• Does it restrict your own power?

You can continue to deal with your own financial affairs as long as you wish after appointing an Attorney.

• Who should you appoint?

You can appoint any person or persons in whom you have Trust to act either solely or jointly. The Attorney can be a close family member or a friend or professional person.  One of our Solicitors may be prepared to act.

 Need further advice THAT’S WHY WE’RE HERE Contact: info@key-moves.co.uk