Powers of Attorney
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In the future, you may need someone to look after your affairs. This may be in the short term, if you go abroad, or permanently, if you become mentally incapable of managing your own affairs.
The advantage of putting a Power of Attorney in place is that it is an entirely personal and deliberate act by the person creating it. The granter chooses who they wish to act for them and the powers they are to have.
Indeed, if you have not appointed an attorney and become incapable of looking after your affairs, then your finances cannot be dealt with until the court appoints someone to deal with your finances. This can be a complicated, expensive and an extremely lengthy procedure.
At BTO, we have streamlined our Power of Attorney document to cover every eventuality whilst taking into account the specific circumstances of the granter. We can advise you fully on what powers you may need in the Power of Attorney and how to draft it to best suit your needs.
Contacts:
Gregor Mitchell, Partner, E. gmi@bto.co.uk T: 0131 222 2939