Who would look after your financial affairs if you suffered from a major illness or became incapacitated?
Now we are all living longer, the chances of us becoming ill or having an accident are much higher.
But unless you put the right legal steps in place, you run the risk of Social Services asking for your assets to be frozen – they have a duty to protect vulnerable people.
Imagine what that could mean for your spouse or other loved ones? If they couldn’t access your money, they could suffer major financial hardship. They wouldn’t even have an automatic right to access your joint bank account. It’s a situation that is happening daily.
Without Lasting Power of Attorney or an order from the Court of Protection (which can takes months to obtain and is expensive), those closest to you couldn’t access your bank accounts, investments or insurances. This would make it hard to:
- Pay bills
- Make mortgage payments
- Collect pension payments
- Make business decisions.
With the help of our legal team and the insight of our accountants, we can ensure that you have a Lasting Power of Attorney, which will enable those you trust to take over your financial affairs immediately and at no cost when the time arises. You can also nominate them to take decisions about your health and welfare.
In that way, your wellbeing and finances will be in safe hands if the worst happens – and you know that your loved ones will be provided for.
To protect your future with a Lasting Power of Attorney, contact us for a free consultation today.