Worthingtons Solicitors

Enduring Powers of Attorney

Do you worry about what would happen to your finances if you were unable to manage them yourself?

What is an Enduring Power of Attorney (EPOA).

An Enduring Power of Attorney (EPOA) is a legal document that allows you to appoint a family member or trusted friend to manage your finances and property in the event you lose the mental capacity to do so yourself.

An EPOA allows you to appoint someone to manage your finances and property while you still have capacity as well as when you lack capacity. For example, it may be easier for you to give someone the power to carry out tasks such as paying your bills or collecting your benefits or other income. This document would often be made if you find it difficult to get about or to talk on the telephone.

An EPOA does not allow your Attorney to make decisions about your personal welfare.

Registration an EPOA.

If you have an EPOA in place and you become incapable of managing your financial affairs your attorney has a duty to register the document with the High Court.

It is advisable to have an EPOA in place as without one your relatives will have to apply to the Court for a controllership to look after your finances and this is a more timely and costly process.

Contact us today if you need Wills or Probate advice

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