While signing a power of attorney doesn’t have immediate effects and may never be used, it becomes crucial in the event of poor health. With a power of attorney, the appointed person can assist you with financial matters such as bill payments and check-writing, as well as make decisions regarding your welfare, including medical and dental treatment.

Without a power of attorney, if you suddenly become incapable of managing your affairs, the local authority may step in, potentially excluding your family from important decisions about your finances and care. In such cases, your family may have to pursue a guardianship or intervention order through the court, resulting in time-consuming and expensive processes. The lack of control can also be distressing for your loved ones.