LASTING POWER OF ATTORNEY
What is a Lasting Power of Attorney?
A Power of Attorney is a legal document giving someone else the authority to make decisions on your behalf if you become unable to do so, if for example you are physically or mentally unwell. A lasting power of attorney can make decisions about your property and financial affairs, your health and welfare or both.
Why should you have a Power of Attorney in place?
If you lose the mental capacity to make your own decisions without having a Power of Attorney in place, an application would need to be made to Court for someone to be designated to act on your behalf. This is time consuming and costly but also means you have no control over who is chosen to act on your behalf.
Having a Power of Attorney in place gives you peace of mind that someone you trust can manage your affairs if needed.
We have access to many legal service providers that can arrange Wills and Powers of Attorney on your behalf as part of the service and advice we provide when it comes to protecting you and your estate.
The writing of a Will or Powers of Attorney involves the referral to a service that is separate from those offered by St. James’s Place. Wills and Powers of Attorney are not regulated by the Financial Conduct Authority.