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So many people take steps
to protect their family by making a Will, taking out life cover
and arranging a pension. However, they fail to consider who would
manage their affairs if they suffered from illness, accident
or a protracted absence. If this happened to you how would your
family cope?
Below explains how you can authorise
someone to handle your affairs if this was to happen to you:-
1) Somebody authorised
to act for you in respect of your financial affairs is called
an Attorney. The document this authority comes from is a Power
of Attorney.
2) You will need to
choose the type of power to grant. There are two types of Power
of Attorney, General and Enduring. The General Power is usually
only used to authorise someone to act on a one off basis. It
fails to be effective if the person who originally gave it becomes
incapable of managing their affairs. Quite often this is just
when it is needed most. Therefore, an Enduring Power of Attorney
is usually the favoured option.
For more information or to arrange an informal discussion, please
Contact Us:
Alexander
Lawyers LLP is regulated by the solicitors regulation authority.
Registered Office Address Bervale House, 35-37 Moulsham Street,
Chelmsford, Essex CM2 0HY
Registered in England & Wales. Partnership No. OC323194.
VAT. No. 888 6853 40. |