Powers of attorney are documents giving someone else the power to make decisions on your behalf when you are no longer capable of doing so. These could be financial decisions or, depending on the type of power of attorney given, decisions about your welfare.
They are very important documents, and should not be taken out lightly or without expert advice. But are they worth doing?
We think so, and here are a few reasons why:
1. We are all living longer. This is undoubtedly a good thing, but it does mean that more of us are likely to be afflicted with conditions that affect our mental capacity. It makes sense to plan ahead, just in case it happens to you.
2. It makes it easier for your friends/relatives to take care of you. If something happens to you, such as a serious road accident, for example, and you don’t have a power of attorney in place, then it can be difficult for your relatives or friends to deal with things like your bills or mortgage without going to court first. Sigue leyendo →
After many years you start accumulating papers of all kinds. Probably at the beginning you start some kind of folder file but after some months papers get mixed and unsorted due to the lack of time.
Sometimes when changing from city, country or house we take the time to trash and sort all this papers but if we are not «forced» probably we never do. When we do we find things that we didn’t remember of and after putting our memory at work we remember what that was about.
Imaging what happens if is another person who is trying to dig into those papers. A complete mess.
So we better start selecting, scrapping and locate those important papers (deeds, mortgages, heritages, loans, bank accounts, property and so on and so forth) into a place where just the people you decide have access and have complete information of what is all about.