Protect your affairs with power of attorney
Many Scots are risking leaving their affairs in jeopardy if they become old and infirm – by not signing over sufficient Power of Attorney.
Edinburgh legal firm Gibson Kerr says that people who make a Power of Attorney but only appoint one attorney run the risk of leaving their families and loved ones in a financial mess if they become incapacitated – as they have no back-up plan in place to cover any future emergencies.
The firm says that many Scots currently recognise the importance of having a Power of Attorney, as it allows their relatives or close friends to take control of their affairs if they become incapacitated and unable to manage for themselves.
The full article can be read at the Holyrood Partnership website.
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