An interesting episode of Money Box Live on BBC Radio 4 this week discussing managing your finances when you are unable to do so yourself.
We are living in unprecedented and uncertain times. If you were taken ill, unable to leave your house, or unable to return to the UK, who would you want to manage your property and finances if you were unable to do so? And would those people have the right to act on your behalf?
Preparing a Lasting Power of Attorney for property and financial affairs is a simple way to ensure that in the unfortunate event you are unable to manage your affairs, your chosen attorney/s can act on your behalf without facing any difficulties.
Who will take care of your affairs if you can't and how do you go about giving someone the right to manage your money?