If the worst happens and you or a loved one becomes unable to manage your property and financial affairs but do not have a Lasting Power of Attorney for property and financial affairs or an Enduring Power of Attorney in place, an application will need to be made to the Court of Protection for a Deputy to be appointed to manage your financial affairs. This is a much more involved and time-consuming process than entering into a Lasting Power of Attorney. It is also much more expensive, with annual fees and insurance premiums payable potentially for the rest of your loved one’s life.
Our experienced solicitors can help guide you through the court process and help you with the running of your loved-ones affairs once the court order has been granted. We can even act as court-appointed Deputy for your loved one if you do not feel able to take this role.
We can also advise you on making statutory Will applications, should your loved one not have a Will in place and no longer have the requisite mental capacity to prepare a new one and other appropriate applications to the Court of Protection, such as for the sale of property or making lifetime gifts.
We can also assist you in making an application to the Court of Protection for a Deputy to be appointed to make health and welfare decisions, although in reality, these are rarely granted by the Court.
Sorting out your affairs may seem daunting but our understanding team is here to help. Contact:
Partner, Head of Wills and Probate
T: 0191 212 email@example.com