Anna Davies explains the intricacies and importance of power of attorney, something advisers may wish to pass on during client conversations...
Whilst many people appreciate the importance of having a will to deal with arrangements on death, the importance of having a power of attorney to deal with the position when a person loses capacity during their lifetime is often underestimated. The Covid-19 pandemic has, unfortunately, highlighted the practical and emotional difficulties family members face when their loved ones have lost capacity to act for themselves, but there is no power of attorney in place. Clients may assume that their family members are automatically entitled to make medical decisions and to deal with their asse...
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