Power of Attorney
When managing financial or health-related matters for another individual, it is in their best interest to establish a Power of Attorney to ensure proper representation and decision-making.
A Power of Attorney is a legal document that allows one person (the donor) to appoint another person or persons (the attorney(s)) to make decisions and act on their behalf in specific situations or in a more general capacity. It can be useful when the donor is unable to make decisions for themselves due to illness, injury, or other circumstances.
Keep in mind that you should consult a legal professional for specific advice tailored to your situation. Here are some steps to get started:
Choose the type of power of attorney: There are different types of power of attorney in the UK, such as Lasting Power of Attorney (LPA). LPA for Property and Financial Affairs and LPA for Health and Welfare. Determine which type of power of attorney best suits your needs. A solicitor would be most suitable to advise on the best option for you.
you can also visit the UK Government's website: The UK Government provides resources and guidance for creating a power of attorney online. To access this information and the relevant forms, visit https://www.gov.uk/power-of-attorney.
Read the guidance: Before starting the process, read the guidance on the website to ensure you understand the requirements and responsibilities associated with granting a power of attorney.
Fill out the forms: Once you've determined the type of power of attorney you need, download the appropriate form from the website. You can fill it out online or print it and complete it by hand. Make sure to provide all the required information and follow the instructions carefully.
Signatures and witnesses: A power of attorney must be signed by the donor (the person granting the power), the attorney(s) (the person or persons appointed to act on behalf of the donor), and a witness. Ensure that all parties involved sign the document in the presence of a witness.
Register the LPA: If you're creating a Lasting Power of Attorney, it must be registered with the Office of the Public Guardian (OPG) before it can be used. You can register online via the government's website or send the completed forms by post. There's a registration fee involved, but fee exemptions or reductions may be available in some cases.
Keep the document safe: Once your power of attorney is complete and registered (if required), store it in a secure location and provide copies to relevant parties, such as your attorney(s) and financial institutions.
Remember to consult with a legal professional for advice specific to your situation and to ensure that you follow the appropriate legal procedures.
Remember if you are acting on behalf of a family member it is in their best interest and yoru own to work with a POA.