Powers of Attorney grant someone the power to manage your affairs if and when necessary while you are still alive such as:
- Financial affairs
- Medical treatment
- Living arrangements
Generally, the power it grants is unlimited, but can be intended for a specific purpose and/or a fixed time frame. Granting a Power of Attorney is often done at the same time as a Will is prepared. You can make a Power of Attorney, or change it, at any time while you are what is termed, ‘of sound mind,’ which means having the capacity to think, reason and understand for oneself.
The costs to arrange a Power of Attorney can vary depending on your circumstances. Maddens Lawyers is very experienced in helping arrange and implement Powers of Attorney, and can provide reliable and reassuring advice about the best way in which to go about this.