How to Deal with the Financial Affairs of Older People with the Help of Wills Solicitors Bolton

The ability to make clear decisions can diminish through illness, disability, an accident or with age. However, you can always ensure that you money is safe. With the help of wills solicitors Bolton, the following ways can be used to make sure your estate is taken care of:-

-          Lasting Power of Attorney.

-          Deputyship.

-          Appointment of Trustees

Lasting Power of Attorney:-

A lasting power of attorney is when you appoint someone to manage your affairs when you can no longer do so yourself. There are two types of LPA:-

-          Health and Welfare:-     

o   This type deals with where you will live and where will be cared for.

-          Property And Financial Affairs:-

o   This deals with your money and property matters. Such as the sale of your home, paying your bills.

Deputyship:-

If you can no longer make decisions and you haven’t previously appointed an LPA, the Court of Protection will either appoint an LPA on your behalf or appoint a deputy. The deputy’s duties are to make decisions on behalf of a person who is not able to do themselves. If a family member wishes to apply for deputyship, WillsSolicitors Bolton can better guide you to the process. 

Appointment of Trustees:-

If you are entitled to a pension or benefits, then you can select an “appointee” to receive those benefits on your behalf if you are unable to do so yourself.

For more information get in touch with the expert wills solicitors Bolton, at Adamsons Solicitors by phone on 01204 221111 or email enquiries@adamsonslaw.co.uk.