A Power of Attorney is a registered legal document that allows a person nominated by you to deal with your financial affairs and make decisions about your personal welfare, at the point where you are unable to make these decisions yourself or simply if you believe it is more appropriate for another person to deal with your affairs as you get older.
Dealing with banks, and other financial institutions can be complicated. Yet, if you need someone else to help, such organisations often cannot deal with that person without a registered Power of Attorney.
We believe a Power of Attorney is a good idea at any age, but an absolute essential from retirement onwards.
Reassuringly, if you sign a Power of Attorney you do not need to hand over your affairs to the nominated person immediately.You can and should continue to make your own decisions for as long as possible. Yet the Power of Attorney is available to your family immediately when needed.
Powers of Attorney need to be registered with the Office of the Public Guardian. Their website is a good source of further information at www.publicguardian-scotland.gov.uk.
Many clients choose to draw up a Power of Attorney at the same time as making wills and our costs for these services are shown below:
||Registration Costs for POA
|2 x Wills for Couple
|2 x POAs for Couple
|Single Will + Single POA
|2 x Couples Wills + 2 x Couples POAs
|Home or Hospital Visit
|Single Will Review*
|Couple Will Review*
|Single Will Review + POA*
|Couple Will Review + POAs*
|Minute of Agreement in Relation to Wills
|Living Will/Advance Directive
|Addition of Liferent, Specific Bequest of Property or Asset Protection Measures
Please contact Lucy Taggart or Alison Gordon or telephone us on 0131 668 0470 to discuss your requirements more fully.
Alternatively, please complete this form and we will make contact with you.
*Where existing Will prepared and held by Warners please note that the charge for a will review is a minimum charge for a straight forward will review, if the review involves a significant amount of detailed re drafting of the will and / or detailed additional advice then the fee will be higher, your solicitor will advise you of this once your more detailed instructions have been taken.