- With a power of attorney you can appoint a trusted person to act on your behalf
- Choose your attorney carefully and make sure they understand the role
- Business owners should consider a separate business power of attorney
Looking after an investment portfolio, managing a pension and keeping on top of household expenses requires time and a certain degree of skill. And if the worst were to happen and you were unable to manage your personal finances, somebody else would have to take over those responsibilities.
Whether that person is someone you have chosen yourself or someone appointed by the court depends on whether you have made a lasting power of attorney (LPA).