Power of Attorney
If a Will is one of the most important documents you can create for when the inevitable happens, a Power of Attorney is one of the most important documents you can create for when the unexpected happens.
Power of Attorney
If a Will is one of the most important documents you can create for when the inevitable happens, a Power of Attorney is one of the most important documents you can create for when the unexpected happens.
Nominating a Power of Attorney
There are a whole host of reasons – both temporary and permanent – which may mean there is a time when you are unable to manage your own affairs.
You can plan for this now by nominating a trusted family member, friend or advocate to act on your behalf should the need ever arise.
A Power of Attorney can provide vital support in various scenarios:
Temporary Incapacitation
You develop a temporary condition and later recover. On your recover, the PoA will become dormant and you will resume control of your affairs.
Remote Situations
You are unable to sign important documents because you are, for example, overseas and trying to purchase a home.
Permanent Debilitating Condition
You develop a permanently debilitating condition such as Alzheimer’s and it advances to the stage where you are unable to make your own decisions.
What happens if I don’t have a Power of Attorney in place?
Without one, your family would have to apply through the courts for a financial guardianship order or an intervention order if you were incapacitated. There is no other mechanism.
In addition, your partner or children would be breaking the law if they accessed money or acted on your behalf.
Applying for a guardianship or intervention order is complicated, but we are here to help guide you through the process and act on your behalf with the court.
When to write your Power of Attorney?
The best time to establish a Power of Attorney is now, while you’re in a sound mental state. If you are unsure, seek advice as soon as possible. Once the document is registered with authorities, it is there and ready to be used should the need arise, or you can revoke or change it as you wish.
To put a Power of Attorney in place, a medical doctor or solicitor has to agree that you are of sound mind at the time of signing. However once signed, the document is there and ready to be used should the need arise.
When to write your Power of Attorney?
The best time to establish a Power of Attorney is now, while you’re in a sound mental state. If you are unsure, seek advice as soon as possible. Once the document is registered with authorities, it is there and ready to be used should the need arise, or you can revoke or change it as you wish.
To put a Power of Attorney in place, a medical doctor or solicitor has to agree that you are of sound mind at the time of signing. However once signed, the document is there and ready to be used should the need arise.
Listen to our Podcast
In this podcast, Wallace Quinn solicitors James Reid and John Quinn answer questions about Powers of Attorney
Get in touch with us today!
At Wallace Quinn Solicitors, Glasgow, we understand the complexities of Scottish law and are dedicated to providing expert guidance in preparing your Power of Attorney. Contact us today and we can support you in taking control of your future and securing peace of mind for you and your loved ones.
Wallace Quinn can help.
Speak to us today.
Wallace Quinn can help.
Speak to us today.
