
Powers of Attorney
Why are Powers of Attorney important?
If you are unable to manage your own affairs, a Power of Attorney appoints someone of your choice to do it for you.
​
There are two types of Power of Attorney:
Continuing Power of Attorney allows your chosen person to handle your bank accounts, investments, bills & property.
​
Welfare Power of Attorney covers decisions about your health and care.
​
What happens if you don’t have an Power of Attorney and lose capacity?
If you lose mental capacity without a Power of Attorney it can cost your family thousands to be given permission to handle your affairs.
​
Any bank accounts you hold even joint accounts with your partner could become severely restricted.
​
You can not renegotiate mortgage terms or manage loan or credit card payments.
​
Social Services will make ALL the decisions.
​
Your beliefs and religion may not be considered or honoured by healthcare professionals in treatment.
​
-
One in four strokes in the UK happen in people under the age of 65 (Stroke Association)
-
An estimated 42,000 people under the age of 65 in the UK have dementia – and nearly 1 million over 65. (Alzheimer’s Society)
-
Accidents can affect anybody at any time, rendering them unable to manage their affairs.
​
It is a criminal offence for anyone to manage the affairs of an incapable person without legal authority (through a Power of Attorney).
​
​
​
​​​​​
