What if I am unable to manage my affairs?
A disconcerting thought, but there may come a time in your life - or one of your family members - when you are unable to manage your financial affairs or personal welfare. This is a time when you will need someone whom you trust to act in your best interests.
Even when we are young, we can find ourselves incapacitated due to an illness or accident and it can be invaluable to have a reliable person who is able to manager your affairs, pay bills and give you peace of mind.
Creating an 'Attorney' in advance ensures that if the worst or unthinkable should happen, you can rest assured that both you and your finances are in a safe pair of hands.
Who do I choose?
You can appoint a friend, relative or professional as your Attorney which allows them to act on your behalf. It is important that you choose who you would like to act on your behalf very carefully. You should choose people whom you trust, giving consideration to how they manage their own affairs. It is often wise to appoint more than one Attorney - to ensure that they are accountable to another person in their decision-making.
Why not take a look at what The One Show has to say about POA.
