When Should You Set Up a Power of Attorney?

A Power of Attorney is a legal document that lets you appoint who you want to make important decisions for you, should you become incapable for some reason. Many people only consider setting one up later in life, but unexpected illness or accidents can affect anyone, regardless of age. Setting up a Power of Attorney early ensures your wishes are protected and your affairs are managed responsibly.

Planning Ahead for Peace of Mind

The best time to create a Power of Attorney is before it’s needed. Waiting until a crisis occurs can make the process more complex and stressful. Establishing it while you are healthy and mentally capable provides full control over who you appoint and how decisions are made.

Research by the Office of the Public Guardian found that more than one million new Lasting Powers of Attorney were registered in the UK in 2023. This is a 37 % increase, showing that more people recognise the importance of forward planning.

Making the Process Easier

Online services such as https://powerofattorneyonline.co.uk/ provide clear step-by-step guidance without the need for a solicitor, simplifying the process of completing and submitting your forms securely. Setting up a Power of Attorney online offers convenience for individuals and families alike.

Setting up a Power of Attorney early is not only a practical measure but also an act of care. It ensures that your finances, property, and personal welfare are managed by someone you trust, helping to protect both you and your loved ones if circumstances unexpectedly change, providing lasting security and reassurance throughout life.

Stephane
Stéphane is the founder of TrustedBrokers.com, a comparison service for traders. TrustedBrokers.com helps traders compare 20 Forex and CFD brokers in one place, through guides, reviews and comparison tables. These brokers include familiar names like AvaTrade, FxPro, FP Markets and eToro. Some of Stéphane’s first ventures were focussed on online dating, before pivoting towards affiliate marketing in the financial services space.