If you lose the ability to manage your affairs, can someone else help you?
A Lasting Power of Attorney is a formal document under which a person gives authority to another person to act on their behalf. Put simply, someone else has the power to sign your name for you. This authority lasts until you decide to withdraw it. Should you lose your ability to withdraw it, a General Power of Attorney ceases automatically.
However, a Lasting Power of Attorney, does not end automatically. This means that if you are unable to manage your own affairs, the person or people you have chosen can continue to look after your finances for you.
To set up a Lasting Power of Attorney, please contact one of our experienced specialists, on 020 8952 0242