Secure your future with a lasting power of attorney

Life is unpredictable, and there may come a time when you are no longer able to look after your own interests. In such cases, it is important to have a plan. A lasting power of attorney is such a plan. This blog post explains what a lasting power of attorney is, how you can create one, and why it is a good investment for the future.

What is a lasting power of attorney?

A lasting power of attorney is a document that gives a person, called an "attorney-in-fact," the right to represent you and safeguard your interests when you can no longer do so yourself. This may be due to severe illness, dementia, or other conditions that impair your mental or physical health.

How do you create a lasting power of attorney?

You must first choose a person you trust to be your attorney-in-fact. This person must be over 18 years old and cannot have a guardian themselves. You must then write a power of attorney that clearly states your wishes and instructions for how your interests should be safeguarded.

It is important to note that you must be able to understand the significance of the power of attorney when you write it. If you later lose this understanding, you cannot change or revoke the power of attorney.

Why is a lasting power of attorney important?

A lasting power of attorney gives you control over your own future. It allows you to decide who will take care of your financial and personal interests if you one day become unable to do so yourself. This provides you with assurance and security and can save you and your loved ones a lot of stress and concern during an already difficult time.

SUMMARY

A lasting power of attorney is a good investment for the future. It provides you with assurance that your interests will be safeguarded, even if you can no longer do so yourself. If you have questions about lasting powers of attorney or if you need help creating one, feel free to contact us. We are here to help you secure your future.