There are many myths spoken and misconceptions about Powers of Attorney and who actually needs to have one in place. It’s time we dispelled them and set the story straight.
So WHO actually needs a Power of Attorney?
The simple answer is quite literally EVERYONE!
It’s important to note that you can only set up a Power of Attorney when you have mental capacity. Once you've lost capacity, it's too late. So, unless you have the relevant Powers of Attorney in place, should anything happen to you then loved ones would need to apply through court to become a deputy, which can be a long and costly process.
