Our new video on Moon BeeverTV explains what a power of attorney is, how to create one, and the difference between a general power of attorney and a lasting power of attorney.
Alexandra Bartrope guides you through the process of creating a power of attorney, which enables you to designate someone to act on your behalf should you become physically or mentally incapable.
The advantage of creating a power of attorney keeps you in control of choosing who manages your affairs and can also cover issues of your health and welfare.
It is more expensive and time consuming for your family to apply to the court to appoint someone to act on your behalf if you become incapacitated and have not drawn up a power of attorney.
To find out more about a general or a lasting power of attorney, watch the video here.