This guide can help you decide whether to make an enduring power for your financial decisions. An enduring power for financial decisions is a legal document that enables you to appoint another person to make financial decisions on your behalf. It can still be used even if you become unable to make decisions yourself.
While this guide is about financial decisions, you can also appoint someone to make personal and/or health or medical treatment decisions. It can be difficult to decide whether to make an enduring power for financial decisions.
Enduring powers can be very useful because they let the person you appoint look after your financial affairs, for example by paying your bills or selling property. However, enduring powers can also be misused, either by accident or deliberately.
This guide will help you decide whether making an enduring power for financial decisions is right for you. If you do decide to make an enduring power, this guide will help you reduce the risk of things going wrong.