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There is always a possibility that in the future each of us might become incapable of managing our own affairs either through senility, accident or illness.  An Enduring Power of Attorney allows you to make proper arrangements for the management of your financial affairs should this eventuality happen to you by authorising someone to sign documents on your behalf if you become incapable.  The person you nominate can do almost everything that you can do yourself.   They can sell your house, write cheques, change your investments, make gifts and otherwise deal with your assets as he or she sees fit.  It is a very powerful document.  You should nominate someone who you can rely upon to act in your best interests; this should be someone who is beyond the influence of others.  Clients often ask one of the partners in Wilson Nesbitt to act as attorney for them either solely or together with a member of their family.

Our trust team is available to make any necessary applications, and register your Enduring Power of Attorney with your bank, building society or other institution so your attorney can sign documents on your behalf.  An Enduring Power of Attorney can only be validly made when you are still capable, it is then stored with your Will until needed (if ever).  An Enduring Power of Attorney cannot be made once you are incapable of managing your affairs.

If you would like more information please contact one of our experienced team members profiled on the right of this web page, telephone 0800 056 0536
or email probate@wilson-nesbitt.com.