Powers of Attorney & Court of Protection
Power of attorney documents allow you to nominate a person or people to deal with your affairs on your behalf.
A general power of attorney is a straightforward document related only to your financial affairs. A general power of attorney is limited in use as it will not survive if you lose your mental capacity to deal with your own affairs.
Enduring and lasting powers of attorney are more complex but they continue even after the loss of capacity, making them more flexible and more useful on a long term basis. Enduring powers of attorney were replaced in October 2007 by lasting powers of attorney and no new enduring powers of attorney can now be created. If, however, you have an enduring power of attorney that pre-dates the October 2007 changes then it continues to be valid until the death of the donor.
If you do not have a power of attorney in place and you lose your mental capacity a deputy will be appointed to act on your behalf by the Court of Protection. This is a more complex, and therefore expensive, process than putting in place a power of attorney and it can lead to somebody that you would not have chosen to act for you being named as your deputy.
- Warners Solicitors’ Gail Hall discusses Inheritance Tax Rules on BBC Radio Kent Gail Hall, a Private Client solicitor at Warners Solicitors, was interviewed on BBC Radio Kent on Tuesday 11 October. Gail talked about the Inheritance Tax Rules and how to plan for the future. You can listen to a recording...
- Free Presentation on Dementia and Later Life Support Warners Solicitors and the Good Care Group are hosting two events, which are open to anyone who has an interest in dementia and later life issues. The speakers will cover practical, financial and legal issues concerning...
- Business risk – include making a power of attorney As a business owner or director, you wear many hats and separating work-life from home-life can be an important part of switching off. However, have you ever considered what would happen to your business if you became incapable of making important day to day decisions? And how this might impact upon your family?