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Solicitors & Lawyers In Edinburgh - Power of Attorney
Letting Someone You Trust Help
Why do I need a Power of Attorney?
A Power of Attorney is a legal document which allows someone you trust to take over the administration of your affairs if you became mentally or physically incapacitated.
But surely if I became incapacitated my family could take over?
No — If you became incapacitated, Banks and other financial institutions will not deal with anyone acting on your behalf, unless you have previously granted a Power of Attorney or authority is given by the Court. If you became incapacitated your bank account would become inaccessible to your dependants and this could cause considerable financial hardship.
Is a Power of Attorney not just something for older people to consider?
Whilst the medical conditions which give rise to mental and physical incapacity are associated more with elderly people, strokes can occur at any age or you can become incapacitated as a result of an accident or sudden illness, so it is something that should be done irrespective of your age.
Why should I make a Power of Attorney?
If you became incapacitated it would be necessary to apply to the Court for a Guardianship or Intervention Order — a process which can take up to a year and costs thousands of pounds.
To discuss establishing a Power of Attorney contact Marie Ross:
Telephone: 0131 556 5522
E Mail: marier@neilsons.co.uk
