More and more people are looking to set up Lasting Powers of Attorney (LPA) with the threat of Covid-19 being ever present and particularly those who form part of those most at risk groups and so having to self-isolate, who may need to rely on friends and family members to act on their behalf in regards to their finances.
However, the current timing of eight to ten weeks to get a Lasting Power of Attorney registered is not helping matters and the likelihood that this timeline will increase because of the pandemic is pretty much a certainty.
By having a GENERAL (or Ordinary) Power of Attorney you can benefit from being able to provide your attorneys with the authority to act on your behalf immediately, especially whilst they wait for your LPA to be registered and returned from the OPG.
What does a General Power of Attorney do?
A General (Ordinary) Power of Attorney allows one or more person, known as the attorney(s), to make financial decisions on your behalf. It’s only valid while you still have the mental capacity to make your own decisions.
It is useful when:
* You need someone to act for you for a temporary period, such as when on holiday or in hospital or currently having to self-isolate.
* You are unable to get out and about to the bank or post office and want someone to be able to access your account(s).
* You want someone to act for you while still able to supervise their actions.
We can help in creating a General (Ordinary) Power of Attorney for you. For more information Call us now or send us an email.