Powers Of Attorney

It can be a little difficult to consider appointing an attorney to handle your financial or medical issues, especially perhaps if you’ve been used to being a decision-maker throughout your life. Having said that, it’s a sensible practice to do so at the appropriate time, because your welfare can then be looked after by someone you know and trust.

If you have diverse financial assets, including properties both in the UK and abroad, you’ll know already that important decisions need to be taken on occasion. If you are no longer able to make those decisions on your own, you can enjoy the peace of mind that comes from knowing you have appointed the right people to do so on your behalf. The same applies of course to your financial holdings in bank accounts, trust funds and stocks. You will have worked hard all through life to make sure you and your loved ones are protected, and that hard work can continue thanks to your attorney. Who you appoint as attorney will depend on your own personal circumstances. It may be a partner, a family member, a long-standing friend or even a solicitor. If you wish, you can appoint separate attorneys to handle your finances and your healthcare. In Scotland, a power of attorney agreement will cover the former, while a welfare power of attorney will cover the latter. The rules are a little different in other parts of the UK, but DJC Wealth Management can help you no matter where you happen to be based.

Our team of experienced specialists can help you to arrange power of attorney at any time in life, so you don’t have to leave things too late. It’s worth noting that many people lose the capacity to take care of themselves very gradually and sometimes almost imperceptibly, but if an attorney is already in place their important decisions can be made at the appropriate time. If one hasn’t been appointed and the individual loses their faculties before they even start thinking about issues such as retirement planning and pension reviews, family members may end up having to go to court to obtain the necessary permissions. This can be an upsetting and time-consuming process, but it can be avoided with help from us. Many of our clients have had extremely complex financial and property holdings, so the need for attorneys has been paramount. With our assistance, they now have effective mechanisms in place for when they are no longer able to look after their own affairs completely. For them, it’s reassuring to know that all their hard work and diligence in the past will not have been in vain. Power of attorney is a subject matter that needs to be addressed at some point in almost everyone’s lives, so if you’re yet to do this now could be the ideal time.

To find out more about powers of attorney for both welfare and financial matters, all you need to do is call our friendly and helpful team for a no obligation chat. DJC Wealth Management are available right now on 07449 632 927, and we’re already looking forward to hearing from you.