At Mouktaris & Co, we understand the importance of your financial well-being and ensuring that your wishes are respected, even in unforeseen circumstances. A lasting Power of Attorney (LPA) will ensure there is someone to take good care of you should you become incapable of caring for yourself. There are two types of LPA:
- A Property and Financial affairs Lasting Power of Attorney – this handles your finances, taxes, benefits and assets
- A Personal Welfare Lasting Power of Attorney – this is responsible for more personal matters such as your living arrangements and medical treatment
Many people appoint someone close to them, such as a spouse, friend or relative. Others prefer to choose a professional to act on their behalf. We can advise which type of attorney is best for you, or help you to choose a suitable person.
How we can help as Lasting Power of Attorney
As a trusted firm of Chartered Accountants established in London in 1979 and supporting generations of clients, we combine extensive expertise with a truly personal approach. If you require a professional attorney, Mouktaris & Co can act for you. Our professional Power of Attorney services provide peace of mind, allowing you to designate a trusted professional to manage your financial affairs if you become unable to do so yourself. We can tailor our services to unique needs, offering:
– Flexibility and Control: Our experienced accountants ensure that every detail of your Financial Power of Attorney is clear and tailored to your specific financial goals. We work with you to draft a Power of Attorney document that defines the scope of authority given, ensuring your chosen representative acts within specific boundaries.
– Multilingual Assistance: We can provide services in the native language of the donor, ensuring that complex financial and legal terms are thoroughly understood. This personalized approach brings clarity, confidence, and peace of mind to our clients, especially when navigating important decisions in a preferred language.
– Customized Financial Solutions: Whether you have a range of assets, properties, business interests, or complex financial needs, our team is well-versed in UK financial requirements, as well as the general best-practices and parameters of doing business in the UK, making it easy to execute a robust Power of Attorney that aligns with your values and objectives. Our team can manage everything from daily financial decisions, medium-term liquidity planning to long-term investments, digital assets and international property, ensuring consistent oversight.
How the process works
- Consultation and Planning: We’ll discuss your specific needs, financial situation, and preferences, ensuring the Power of Attorney reflects your wishes. We’re happy to meet with co-attorneys and family members if it helps to understand you better.
- Documentation and Language Assistance: Our team prepares and reviews all required documents in your native language, making certain you understand all aspects.
- Planning and Access: Once the Power of Attorney is in place, Mouktaris & Co will prepare a detailed plan to collate and analyse your records, including bank and investment accounts, within a definitive timeframe.
- Ongoing Support: Mouktaris & Co will continue to support you, providing advice and oversight as circumstances evolve.
Appoint a Professional Power of Attorney
When creating a Lasting Power of Attorney, you must be confident that your finances are in trusted and responsive hands. Attorneys must always act in the donor’s best interests and manage their affairs with care, diligence, and honesty. Contact us today to schedule a consultation and learn more about how our multilingual, experienced professionals can help you.