Anna Davies: Power of attorney lessons from Kate Garraway's struggle

Power of attorney explained

clock • 7 min read

Anna Davies explains the intricacies and importance of power of attorney, something advisers may wish to pass on during client conversations...

Whilst many people appreciate the importance of having a will to deal with arrangements on death, the importance of having a power of attorney to deal with the position when a person loses capacity during their lifetime is often underestimated.  The Covid-19 pandemic has, unfortunately, highlighted the practical and emotional difficulties family members face when their loved ones have lost capacity to act for themselves, but there is no power of attorney in place. Clients may assume that their family members are automatically entitled to make medical decisions and to deal with their asse...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

Estate planning: Testamentary capacity in the spotlight

Estate planning: Testamentary capacity in the spotlight

'My top tip for futureproofing your will is follow the golden rule'

Nicola Bushby
clock 18 March 2024 • 4 min read
The role of advisers in implementing clients' testamentary wishes

The role of advisers in implementing clients' testamentary wishes

How to avoid challenges to a will after a client death

Elizabeth Sainsbury and Carmen Barragan-Lopez
clock 15 January 2024 • 4 min read
Part of the plan: LPAs are the missing piece of the advice jigsaw

Part of the plan: LPAs are the missing piece of the advice jigsaw

Legislation aims to improve lasting power of attorney system

Justin Rourke
clock 23 November 2023 • 2 min read