Solicitors in Essex & London
People can become unable to manage their own financial affairs at any stage of life. An accident, physical ill health or mental illness may make the everyday routine of paying bills, managing a budget and making financial decisions difficult and stressful and, in some cases, impossible.
The decision about who you appoint as your attorney is one that requires careful consideration. An attorney should have a strong sense of responsibility and possess good judgement, as they may be required to make important and difficult financial decisions on your behalf. It is essential that you are satisfied that your attorney will exercise that authority in your best interests. In some cases, people do not have anyone suitable to act as their attorney and will appoint a solicitor instead. Our specialist private client solicitors in Essex and London have a wealth of experience advising clients on the preparation of Lasting Powers of Attorney in relation to property and finances. When required, the partners of this firm will agree to act as attorneys for clients.
Common decisions and actions taken by an attorney include:
The private client team at Pinney Talfourd strongly recommends that all clients create a Lasting Power of Attorney, irrespective of their age or state of health. Not doing so and then losing mental capacity can create significant difficulties with that person’s family, whose only alternative in those circumstances is to make an application to the Court of Protection to lead to their appointment as that person’s deputy. This is an expensive and administratively burdensome process that could have been avoided had a Lasting Power of Attorney been put in place in advance.
If you require further legal advice relating to a Lasting Power of Attorney for decisions affecting property and finance, please feel free to contact any of our private client solicitors directly. We offer consultations in any of our five offices across Essex and London, are able to see clients at short notice, and also offer home visits to those who are unable to personally attend our offices due to ill health or other reasons.