Do you have Enduring Power of Attorney?

What is an Enduring Power of Attorney?

It is a document that gives power to a person of your choice to deal with your affairs should you become incapable of managing your own affairs for any reason e.g. Motor accident, stroke etc.

Who should make an Enduring Power of Attorney?

Anyone who has assets or financial affairs that needs to be managed.

Why make an Enduring Power of Attorney?

Having an enduring power of attorney in place, in the case of incapacity, will avoid the need for person’s assets to have to go through the Court of Protection which can be costly and slow. A Power of Attorney allows the family to continue to manage the person’s financial affairs.

When Should I make a Power of Attorney?

The simple answer is now the document may be restricted so that it will only become effective if incapacity arises.

For more information about Enduring Power of Attorney, wills and trust planning contact KPM so that we can introduce you to one of our strategic partners for specialist advice.