Why Young Individuals Need a Power of Attorney

December 27, 2023 by QLAdmin

Often linked to the elderly, a power of attorney (PoA) is actually invaluable for everyone, including the young.

Here is why:

  1. Medical Emergencies: Life is unpredictable. Accidents or health crises can strike at any age. A PoA ensures someone trusted can make pivotal healthcare and financial decisions if needed.
  2. Travel & Absence: If you are away often or based far from where your legal affairs lie, a PoA ensures someone can manage your matters in your stead.
  3. Business Interests: Young entrepreneurs, investors, or those with financial stakes can benefit. A PoA lets someone trusted handle business transactions or financial decisions when you cannot do so yourself.
  4. Peace of Mind: A PoA guarantees that in your absence, decisions are made by someone you trust, circumventing potential conflicts or unsuitable decision-makers.
  5. Advance Planning: Proactively deciding on a PoA gives you control over future decisions, rather than a court deciding during unforeseen incapacity.
  6. Avoiding Legal Hassles: Without a PoA, incapacity means a lengthy, potentially expensive procedure for loved ones to appoint a guardian.
  7. Customisation: Tailor your PoA. Decide on its scope, the attorney and any special conditions to truly make it yours.

In essence, a PoA is not just for the aged. It is the product of a powerful, foresighted decision, and can be drawn up to align with the unique needs of younger individuals.

If you wish to know more Kay Blaikie can be contacted by calling Quill Legal on : 0131 564 1044 or by email : kay@quilllegal.co.uk

Kay Blaikie

Principal of the Firm

Get in touch with me when you need reliable legal advice on any aspect of Executries, Wills, Powers of Attorney and Notarial services.

Email: kay@quilllegal.co.uk
Telephone: 0131 564 1044