For expert advice and help to set up powers of attorney, you can rely on Martin Wilcocks. An award-winning financial adviser, Martin offers a full range of solutions for estate planning and powers of attorney in Liverpool, Manchester and the North West.  

None of us know what’s on the horizon, but there are some steps you can take now to make life easier in the future. If you’d like to plan ahead and arrange powers of attorney in case you’re unable to manage your money in the future, Martin Wilcocks can help.

Call Martin on 0845 200 4041 to talk about your thoughts, plans and concerns for the future. He’ll be happy to arrange a personal consultation to put whatever plans you need in place.

 

What is a lasting power of attorney?

A lasting power of attorney (LPA) is a legal document that gives someone the authority to make decisions or to act on your behalf in the event that you’re no longer able to or no longer want to.

There are two types of LPA. An LPA for financial decisions can cover a range of things, including investing money, buying or selling property and paying bills. In contrast, an LPA for health and care decisions is there for issues such as where you should live if you have lost mental capacity, what medical care you should get and who you should have contact with.

 

Why it makes sense to make decisions now

Powers of attorney are designed for situations where you aren’t able to make your own decisions. This could be due to old age, illness, accident or disability, or you could just decide that you’d like someone you trust to take control of your affairs at a certain point.

Setting up powers of attorney now means that you can make sensible, informed decisions while you have the full capacity. You also have the benefit of reliable financial advice. You can choose the arrangement you’d prefer and get it all down in a legally binding form, just in case you are unable to later on.

When it comes to financial LPAs, the plans you make now with your financial adviser may not need to be used for decades, but it’s good to know that an arrangement is in place. If you’ve worked hard throughout your life to build up assets and wealth to cover possible care home fees, a comfortable retirement and a great legacy for your family, this can provide peace of mind that your finances will be in safe hands.

 

How Martin Wilcocks can help

Talking about this kind of topic can be difficult, as it can be hard when you’re in full health to imagine a situation where you’d need powers of attorney.

Martin Wilcocks is a powers of attorney Liverpool adviser with decades of experience, but he doesn’t just provide his financial expertise. You’ll be given all the time and support you need to talk about your wishes for the future, with Martin on hand to provide honest, practical and straightforward advice.

With his guidance, you’ll make decisions about how your bank accounts, tax affairs, investments and property will be managed. Crucially, you’ll be able to record your wishes in relation to who will manage your estate and finances. This could be a family member, friend or someone else of your choosing.

The process of setting up powers of attorney doesn’t have to be complicated, and it can be a relief to know that there’s an expert handling all of the paperwork and legal steps on your behalf.

Give Martin Wilcocks a call for financial advice you can rely on. He can arrange a consultation on powers of attorney in Chester, Liverpool, Manchester and throughout the North West.

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