Ferguson Bricknell
Solicitors
Powers of Attorney
A power of attorney is a legal authority which you give to somebody to
deal with your financial and property affairs.
A power of attorney is very useful if you are concerned about what will
happen if you become ill and cannot deal with your money or your
property yourself. By signing a Lasting Power of Attorney (LPA) you can
arraneg for one of your family or a trusted friend or professional adviser
to look after your affairs for you.
An LPA has to be registered with the Office of the Public Guardian
before it it can be used. The registration process can take three months,
so it is not possible to draw up an LPA and use it immediately.
You can only sign an LPA if you understand what you are doing at the
time you sign it. If you already have Alzheimer’s disease or some other
form of dementia it may not be possible for you sign an LPA. In this
situation, your family might have to apply to the Court of Protection for
somebody to be appointed as your Deputy to look after your financial
and property affairs. A Deputy is an attorney appointed by the Court.
Applying to the Court of Protection is more expesnove than signing an
LPA while you are well enough to do so.
It is therefore important to plan ahead.
Contact Chris Wallworth (Oxford office) or Melvin Berryman (Headington office).