What is a Power of Attorney?
A Power of Attorney is a legal document which you give to someone who you trust to handle your affairs. It allows them to make decisions for you or act on your behalf on aspects such as health, care requirements, financial affairs and property matters.
Why might you need a Power of Attorney?
A person may need to appoint someone to make decisions for them or act on their behalf for a variety of reasons, such as:
- If they become temporarily incapacitated because of an illness or temporarily disabled due to an accident or may be they are travelling abroad, there could be a variety of reasons why there may be a need to have someone take care of your normal financial matters such as paying bills, collecting pension or benefits, look after bank accounts, investments etc.
- If they have been diagnosed with a mental condition such as dementia, then having someone who can take care of your financial, health and welfare matters is certainly very important.