After a Will, this has to be the most important document that you will need to prepare. These cover the situations should you become mentally incapable of managing your affairs. They take two forms:
1. Property and Affairs
This deals with your financial affairs e.g. paying bills or selling your house. Without this document, someone will need to be appointed as your deputy under the Office of the Public Guardian. This is a long complicated and expensive procedure. A Property and Affairs Lasting Power of Attorney avoids these complications.
This deals with issues like decisions over life sustaining treatment. It gives your attorneys a lot more power than your next of kin would otherwise have without it.
At Clarkson Wright & Jakes we offer a free half hour consultation where we can discuss your requirements. We work on a fixed fee basis so you know exactly how much you will be paying. We can also store your Will for you at no additional charge.