Are you prepared for any life changing scenarios?
Mental and physical incapacity can happen at any time, and you might think that a spouse or family member would gain control of your finances and wellbeing, but this isn’t the case…
Unless you establish a Lasting Power of Attorney, the Court of Protection will look to appoint a Deputy if there is no instruction in place. In this case, the ONLY way your finances or wellbeing can be managed is by an application (by a relative or someone close to you) being made to the Court of Protection for Deputyship. This process costs a considerable amount of money and can take anywhere between 12 weeks and 10 months. In these cases, a Judge has the power to decide who to appoint, and this could be someone who you would never have trusted or wanted to manage your affairs.
This is why it is vital to have a Lasting Power of Attorney in place. This legal document enables you to appoint someone who YOU want to make decisions about your welfare, money or property on your behalf, now or in the future.
Make sure the decision of what happens to YOU and YOUR affairs stays in YOUR hands. If you want to ensure your wishes are carried out, please contact us today.