Island Life Magazine Ltd April/May 2008 | Page 25

PROPERTY life Do we need Power of Attorney Contact: Mark or Terence Willey Tel: (01983) 611888 or 875859 Website: www.terencewilley.co.uk I have always considered that there are two priority appointments that we should all consider during our lifetime; one being that of an Executor to your Will, who can take care of your funeral arrangements and administer your estate pursuant to your express wishes, and the other being the appointment of an Attorney to deal with assisting you during your lifetime in a time of need. Since the 1st October last there has been a complete statutory reform of the Enduring Power of Attorney legislation, which has stood since 1986, in so far as the Government have now introduced what is known as a Lasting Power of Attorney. The benefits of the new form allow you to appoint more than one Attorney to undertake various roles, such as personal, finance, welfare, and health care. The difference between the earlier legislation and now is that the new Power of Attorney document requires registration in the Court of Protection in the first instance before it can be used. The benefit of having an Attorney document in place is to secure the piece of mind that should you fall seriously ill, or be incapacitated in any way, or temporarily indisposed, your Attorney may then act on your behalf and with legal authority, following registration with the Court of Protection. Over the years very many clients have attended my Practice in the capacity of a friend or relative of someone who required their assistance Terence Willey in a time of both physical and mental disability and where no Attorney document was in place. Frustrations then arise where Authorities, quite naturally, will not offer co-operation unless a formal Attorney document can be produced. Where a ‘capacity’ issue has arisen this has effectively meant that an application was necessary to the Court of Protection for what was known as a Receivership Order. The Court would then consider an application from an individual to be appointed by the Court as the Receiver for the person they wish to assist (now to be known as a Deputyship Order). In both the former and present legislation regular monitoring and accountability respectively by, and to the Court, is necessary. This can prove costly and time consuming, and could be avoided by having a Power of Attorney document in place. There are also obvious benefits to the elderly generally, and those in Residential Care Homes, in having a trusted and appointed Attorney or Attorneys in place under a Lasting Power of Attorney document. The time taken to carefully discuss and consider suc