Power of Attorney

Power of Attorney

What happens if you lose mental capacity?

Who will take care of your financial affairs and personal welfare?

You may be fully aware of the need to make a Will, but have you thought about a Lasting Power of Attorney?
We don’t like to think about losing our faculties but think about the confusion there would be if it’s not sorted and you or your partner become unable to make decisions and you can’t legally sign documents any more.

power of attorney

Expert Advice

Peace of mind that your welfare and finances will be taken care of, without any additional strain, stress or worry for loved ones please get in touch.
*Lasting Powers of Attorney are not regulated by the Financial Conduct Authority (FCA)

Power of Attorney Video Explainer.

  • A lasting Power of Attorney gives legal authority to a person/people of your choice enabling them to make decisions and act on your behalf when you are unable to do so.
    There are 2 types of LPA: Health & Welfare and Property & Finances.

    • Your loved ones (not the local Authorities) will be able to select and decide on the best care home for you if needed
    • Your family (not doctors) will be able to decide on any life sustaining treatment
    • Those closest (not unknown carers) will be able to specify your daily routine, dress and diet requirements
    • You are able to define your care and treatment in your LPA whilst you are still able
  • The person/people you trust can:

    • Access your bank accounts and arrange to pay your bills for you
    • Can collect your pension, other benefits and arrange to pay for all your essential needs
    • If needed, then they can sell your home to pay for your essential care fees
    • Your family will not be able to make any decisions about your welfare or finances
    • Loved ones will need to go through court; this is a very long and costly process
    • Your family will still have limited power even when passed by court
    • Your partner may find that they are unable to access joint bank accounts
    • You may not be able to receive the care you need because your home can’t be sold
    • Doctors (not your family) will be making decisions about any life sustaining treatment
    • There can be increased upset and stress for your loved ones at an already difficult time
  • Making your LPA can only be made while you still have full mental capacity

    “There’s no specific age when you should consider making a Power of Attorney. Young people can lose capacity through accidents. But if someone is diagnosed with a condition likely to cause loss of capacity, they may be well advised to think about who they want to make decisions for them when they can no longer do so.” Charity, Age UK

Need information?

At Discover Equity Release we provide first contact for free information with no obligation which will help you in making the right decision in releasing equity from your home.

IMPORTANT – IHT PLANNING REFERRED
Beaufort Financial is a trading name of Beaufort Financial Planning (Westerham) LLP, an appointed representative of Beaufort Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority. Beaufort Financial Planning (Westerham) LLP is registered in England & Wales. Company no OC353366. Registered office: Timbers, Southview Road, Crowborough, TN16 1HW The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses have been unable to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombusman.org.uk.

IMPORTANT – EQUITY RELEASE REFERRED
Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. The Right Equity Release do not charge any upfront fees.

IMPORTANT
Our service provides information only, no advice* and with no obligation to those individuals who are considering releasing Tax Free funds from their property. *When you are ready we have the facility to refer you on to one of the UK’s leading equity release advisory companies.

© 2019 All rights reserved
Discover Equity Release.

Designed by A Design Day

E-mail

info@discoverequityrelease.org.uk

Call Us

01732 920 957

IMPORTANT – IHT PLANNING REFERRED
Beaufort Financial is a trading name of Beaufort Financial Planning (Westerham) LLP, an appointed representative of Beaufort Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority. Beaufort Financial Planning (Westerham) LLP is registered in England & Wales. Company no OC353366. Registered office: Timbers, Southview Road, Crowborough, TN16 1HW The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses have been unable to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombusman.org.uk.

IMPORTANT – EQUITY RELEASE REFERRED
Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. The Right Equity Release do not charge any upfront fees. 

IMPORTANT
Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. The Right Equity Release do not charge any upfront fees.

E-mail

info@discoverequityrelease.org.uk

Call Us

01732 920 957

© 2019 All rights reserved
Discover Equity Release.

Designed by A Design Day