A Power of Attorney is a useful device which enables others to handle your affairs or act on your behalf for example in the sale of a property. We can prepare these documents as a when they are required.
The statutory rules which apply to Powers state that where the person who granted the power (the Donor) loses mental capacity the Power of Attorney will automatically lapse unless it is an Lasting Power of Attorney.
Clients planning for old age often ask us to prepare Lasting Powers of Attorney to enable their relations (often their children) to manage their affairs should the worst happen. The Power can be granted to one of more individuals and will obviously assist them in caring for you when you cannot look after your own affairs i.e. it will enable them to maintain your bank account, obtain your pension, sell your property etc.
It is obviously crucial that the Donor has the requisite mental capacity when granting the power but once granted and registered with the court the attorney can continue acting on behalf of the Donor when such capacity is lost.
If you feel that you may need this service please call for confidential advice on your particular circumstances.