Getting old is something that none of us look forward to in this life. We start to slow down and there are things that we used to take for granted, but the same things are now becoming issues. Getting up and down the stairs is now becoming an issue and just popping down to the shops is something that is no longer feasible. However, it is important to remember that there may come a time when everything gets too much for us and we begin to lose our mental faculties. We have plans for our families and ourselves and it’s better to get those down on paper now before we are unable to.
You need to set up a power of attorney and there are a number of experienced power of attorney services in Bath. Many people wonder if they should set one up, so here are some reasons indicating why you really should.
- You have your ability now to decide, but what happens when you longer have the capacity to make a rational decision. Decide now who will handle your investments and take care of you when it happens.
- A power of attorney is legally binding, so no one in your family can change your wishes and it takes away all the ambiguity regarding who is control of your finances.
- Mostly, it provides great peace of mind for both you and your family. Nobody wants their family members squabbling over money matters and this sets it all out for all to see.
If you haven’t done it already, get your power of attorney set up soon to avoid any misunderstandings later.