Enduring Powers of Attorney (EPA)
Have you ever considered what would happen to your assets if you no longer had full control of your mind and were unable to look after your own affairs?
Have you ever considered how any monies held in an account in your sole name could be trapped if you could not access them personally?
Have you ever considered how you would make financial and personal care decisions if you were suffering from Dementia or Alzheimer’s?
These are all daunting prospects and the reality is, if you and your family ever find yourself in this position, you will want to focus on your loved ones health and well-being and not get caught up in bureaucratic red tape.
That is where an Enduring Power of Attorney can provide solace. By considering the unlikely future event of a decline into Dementia or Alzheimers, you can put in place a document now in which you appoint someone known as your Attorney (s) who will become legally responsible, upon registration in the High Court, for your financial and personal care decisions at a future date if and only if you are no longer able to manage your own affairs.
The Attorney can only act following the registration of the EPA in the High Court and if you never lose your ability to manage your own affairs, the document stays in your Solicitors safe unregistered.
We can advise on all aspects from the creation of an Enduring Power of Attorney, to the very stringent High Court requirements on an application for registration.
If you are interested in discussing the creation of an Enduring Power of attorney please contact the office.