Must I have a Power of Attorney?
No-one has got to have a Power of Attorney. Just like no-one has got to have a Will. However it is very sensible to have one. Everyone over 50 should have a Lasting Power of Attorney because it lets someone you trust look after your affairs and sign things for you if there ever comes a time when you are not able to do so.
Without a Power of Attorney you are stuck.
Even your spouse or partner can’t act for you without one. You then need to arrange a Deputyship from the Court of Protection, which expensive and takes a long time.
So it definitely makes sense to get a Power of Attorney in place while you are able to. It’s like insurance. You should have it even though you hope you never need to use it. So at the age of 50 it’s risky not to have them.
In England and Wales you need two Powers of Attorney, one for financial purposes and the other for health & welfare purposes.
Here’s some good news. At present we will prepare a Power of Attorney document from as little as £85.
Even better we let you decide whether to register it or not. So you only pay the government administration fee if and when you need to operate your Power of Attorney.