Last week we talked about the importance of powers of attorney. So if you have decided you want to make them, you need to think about who might be the best attorneys for you*. Some of the following might help you to decide:
They don’t have to be your relatives or your children. Even if you have relatives and adult children, it’s your decision as to who should be your attorneys.
These are not permanent decisions; you can replace your attorneys later. You can either put replacement options in the original forms, or you can redo the forms later. If you redo them it will attract another fee by your solicitor and the Office of the Public Guardian where they get registered, but if, like me, your attorneys are all older than you, you will know that at some point you may need to change it.
You don’t have to have the same attorneys for both health and welfare and finance. You can have different ones.
The attorneys don’t have to act together (or they can) so you can decide how to structure this depending on how you think your attorneys will get on with each other.
You can pay your attorneys to do the job, and so you can pick people who are professional attorneys. Solicitors will often take on the finance side of being an attorney. At One Stop Organisers we can also do this in some cases for people who are already our clients and who we have worked with before.
If we can help with suggesting solicitors to help you or your older relatives with the forms, do get in touch.
*A power of attorney gives one person legal power to act for another person and the person acting is then called an attorney.
One Stop Organisers: Here to help your older loved ones live their best lives.