The number of Powers of Attorney (PoA) being granted in Scotland has risen by 18 per cent this year, with increasing numbers of families using the documentation to protect loved ones and make the administration of life simpler.
Partner Tessa Till, Pagan Osborne, welcomed the figures. She said:
“PoAs have so many practical uses for families in any number of situations and it is welcome news that more and more people are benefitting from them.
“We would advise people at any lifestage to consider a PoA. Allowing a family member or friend you trust to manage your affairs, or in fact an advisor, can help make the administration of life simpler as we all live increasingly busy lives.
“It is also an important tool to have in place as you grow older. You do not give up your rights by having a PoA – you are simply allowing someone else to also act on your behalf. If you end up being afflicted by declining physical or mental health, they become invaluable. Without them families may have to consider Guardianships which can be time-consuming, costly and stressful to have awarded.
“At a difficult time, the last thing any family needs is a mountain of red tape to overcome.”