Recently, you may have seen Kate Garraway on Good Morning Britain speaking about her husband, Derek, and the financial nightmare she has endured whilst he has been in hospital.
Did you know that with a Power of Attorney in place, things would have been so much simpler?
Mental and physical incapacity can happen at any time. You might have thought that a spouse or family member would instantly gain control of your finances and wellbeing, but as we have seen this isn’t the case…
Unless you establish a Power of Attorney, the Court of Protection will look to appoint a Deputy for you. This means that the only way your finances or wellbeing can be managed is through an application which can take anywhere in between 12 weeks and 10 months. The judge has the power to decide who to appoint, and this could be someone you wouldn’t have trusted or wanted to manage your affairs.
This is why it’s vital to have a Power of Attorney in place. Doing so means you can appoint the right person to make decisions about your welfare, money or property on your behalf at the right time.
For more information on Power of Attorneys and how we can ensure your wishes are carried out, contact me on: +44 7831 379562 (UK) or +34 622 374 738 (Spain), or email me at firstname.lastname@example.org