There are several types of powers of attorney. Each enables you to retain control over who and how someone will be able to make decisions on your behalf should you not be able to do so.
Unfortunately, people usually assume not being able to make your own decisions means you are suffering with some form of dementia. This is not necessarily the case. You may be out of the country travelling, suffering from a short recoverable illness, or simply feel you wish to be more supported when making decisions.
What is a Power of Attorney?
A Power of Attorney is a document that allows you to stay in control. You can decide who may make decisions about either your finances or your welfare.
The document is drafted to tell a person that you choose to make decisions as to paying your bills, receiving your income, dealing with your tax affairs, paying your staff, running your business, receiving your rents, choosing where you live, choosing your diet, deciding on your medication amongst many other decisions.
Why is it important?
Should you be in the unfortunate position of being unable to make, communicate or decisions your friend and family do not have the automatic right to speak on your behalf. Your next of kin does not have the legal right to take over your affairs.
Alternatively, your loved ones will need to make an application to the Court of Protection who will grant an order instructing your loved ones. This will be a long winded, expensive, and complicated process. Or your loved ones may approach the social services who will become involved in your care.
