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Marbles

  • Writer: Jonathan Williams
    Jonathan Williams
  • Nov 28, 2015
  • 1 min read

Let me tell you that if you loose these and do not have a Power of Attorney in place then it will not only be a very costly exercise to appoint someone to deal with your assets but quite possibly a stressful and lenghty one also


As we grow older there are many things that come into sharper focus.


1. The desire to preserve ones looks - this can be expensive

2. The need to save for a retirement - the state isn't going to help you

3. Having that weekend hangover and partaking in family life are not compatible

4. The knowledge that your daughter now knows more about calculus than you ever did

5. The realisation that a Power of Attorney may be a good idea


Putting in place a Continuing and Welfare Power of Attorney is a sensible decision to make. It allows a representative that you have chosen to look after your affairs when you do not have the capacity to do so. What many clients and their families however fail to grasp is that you can only put in place a Power of Attorney when you have capacity to do so. In the event that your loved one loses capacity then the only way that you are going to be able to have someone appointed to look after their assets is by going to court and asking for a Guardianship Order to be put in place. A costly and lengthy procedure.


It is therfore vital to consider whether you need to put in place a Power of Attorney.


Take it from me - we are not getting any younger!

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