Safeguard your Finances Through the Power of Attorney Surrey
August 6th, 2011There are ideally two forms of Power of attorney for property and affairs. There is the Ordinary power of attorney and Lasting power of attorney. The power of attorney surrey enables you to have somebody manage your financial affairs when you are unable to manage your finances due to illness, mental incapability or infirmity. The Ordinary power of attorney is applied when a person is able to manage his property and it vanishes when one experiences health conditions, which render him or her unable to manage the wealth.
It’s important to note that when you are nominating ‘your attorneys’ to manage your finances after your Ordinary power of attorney is terminated, you need to choose persons who are trustworthy and also professionally able to manage the finances. You can choose family members such as your son, daughter or wife. The power of attorney surrey must be manifested to people who can manage the finances. You can also choose a professional such as a solicitor or an account.
You can appoint one person, two or more people as deems necessary. When the power of attorney surrey is given to two people, it should be well defined. For instance, the attorneys can act either together or together and independent. You need to get more information about the Ordinary and Lasting power of attorney before you nominate the people to manage your finances.