Having someone you trust to take control of your financial affairs when you are unable to do so is extremely important. Stacks can help you appoint a suitable Power of Attorney, so that you can have the peace of mind in the knowledge that someone you trust completely will step in to make the best decisions on your behalf when needed.
A Power of Attorney is a legal document in which you appoint the person or trustee organisation of your choice to manage your assets and financial affairs while you are alive. It enables your financial affairs to be managed according to your wishes when you are unable or do not want to conduct them personally – such as when you are ill, travelling or simply do not wish to be burdened with the day to day management of your financial affairs.
You can use a Power of Attorney for almost any financial purpose. For example, you can authorise your attorney to collect debts, vote at meetings, operate your bank account, manage your investments or carry out any other function which can be lawfully delegated.
You can make an Enduring Power of Attorney which will continue to have effect after you have lost your capacity to self-manage.
Need help with appointing a Power of Attorney? Speak to the specialist wealth protection lawyers at Stacks