Care Solutions Home > Care News > News Article
Tailormade Care Solutions
Freephone Telephone

 

Independant Financial Advisor

Care Managers Council

Department for Work and Pensions

Care Advice Bureau

 

 

Elderly Care

Care Industry News Story:

back to news headlines
2005
Power of attorney helps settle administrative affairs

Using the power of attorney can be one way of ensuring that expert legal or financial advisers can handle difficult administrative processes.

Individuals are able to effectively sign over their power of decision when completing legal or financial documents, enabling a third party to represent them.

This can be useful when dealing with complex decisions requiring expertise, and is also used when someone is deemed mentally unfit to take a decision.

There are two main types in England and Wales, Ordinary Power of attorney and Enduring Power of Attorney.

Ordinary Power is typically used for a specific instance, whereas Enduring Power is used when a person is said to be incapable of making their own decision.

 

©eTrading Partners LTD Visit our Financial Planning Site We Value Your Privacy Site Map
Tailormade Care Solutions is a trading style of Tailormade Financial Services Ltd. Tailormade Financial Services Ltd is authorised and regulated by the Financial Services Authority. Tailormade Financial Services Ltd is entered on the FSA register under reference 458593