Powers that be

When it comes to explaining exactly what the term power of attorney means many people draw a blank. However, despite this confusion it remains one of the most important parts of retirement planning and more work needs to be done to ensure people take advantage of the benefits it offers. Power of attorney effectively grants power to another person or group of people to deal with someone's financial affairs if they are unable to do so themselves. It can be used in a variety of situations - if someone knew they would be out of the country for some time for instance they could grant power of a...