Just as having a Will ensures assets are managed properly when you die, a Power of Attorney allows someone else to look after your finances when you’re unable to. Phillip Richards, Director of Endorphin Wealth Management explains more about what’s involved in having a Power of Attorney and why you’d be wise to have one, just in case.
The key points are as follow:
What is a Power of Attorney?
Why would I need a Power of Attorney?
Who can be my Power of Attorney?
How do I go about making a Power of Attorney arrangement?