LASTING POWER OF ATTORNEY IN NORWICH

LASTING POWER OF ATTORNEY

This is generally used when a principal cannot make their own decisions due to incapacity. This may be cognitive decline like dementia or perhaps even temporary trauma following a motor vehicle accident. As soon as the lasting Power of Attorney is signed, an attorney can start using it. It ends when the principal dies or recovers and revokes the Lasting Power of Attorney.

LASTING POWER OF ATTORNEY IN NORWICH, HOW DOES IT WORK?

Lasting Power of Attorney will allow your attorney to perform the following actions and make the subsequent decisions for you.

Financial: The attorney can invest on your behalf and pay bills and taxes. Rent or sell your home to raise funds to support you, collect the income.

Business: Your attorney can hire employees for a company you own or even sell the business and invest the funds to support you.

Personal: Your attorney can make decisions as to where you live and who will oversee your care, and whether you attend work or not (based on medical advice). If you have dependent children and no spouse, the attorney can even decide where they attend school.

Health care: Your attorney can consent to medical procedures on your behalf, within reason, and based on medical advice.

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WHO SIGNS THE LASTING POWER OF ATTORNEY?

To be valid, the principal must sign the Lasting Power of Attorney while still mentally competent and able to make their own decisions. Under certain circumstances, it is acceptable for another to sign the document on behalf of the principal as long as the principal is mentally competent at the time of signing. When the Lasting POA has been signed, another person, known as the witness, must be present, and their contact information is also recorded on the form. A suitable witness is:

* a legal adult

* someone mentally able to make decisions

* not the principal's attorney but an independent person

The Lasting Power of Attorney is suitable for those losing mental capacity. While you are still able, you can insert certain conditions into the contract to safeguard you and your family. If you live in Norwich and you want to secure your future care, it is a good idea to seek advice on Lasting Power of Attorney Norwich to put everything in place before you deteriorate any further. This is sad and stressful, but it will give you peace of mind to know that everything you have worked so hard for is safeguarded for your family in the future. You may want your attorney to assist you with some of the more difficult decisions, and they will always act in your best interest.

ESTATE PLANNING

Make sure that your family is aware of the decisions you have made. Your family and close friends must know that you have taken legal advice, and your attorney should have their names and addresses. Estate Planning is essential for your family's future, reasons to plan now.

* Gives your family peace of mind

* Removes stress from all of you.

* Clarifies your future expectations

* Protects your estate

* Ensure that your loved ones inherit your property.

* Removes financial burden from your family

With the proper guidance and Estate Planning, the correct decisions will be made for you and your family.

Contact The Norwich Will Writing Co, and get your questions answered by our experienced Estate Planners, enabling you to make the right decisions for you and your family moving forward. Even when you are no longer there to guide the process, they will be in the right hands.

At The Norwich Will Writing Co, all of the products we provide are drafted by an IPW qualified writer or an SRA regulated solicitor (depending on complexity)

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