WHO CAN MAKE DECISIONS FOR AN AGEING PARENT?
As parents grow older, an important question is often overlooked:
Who will lawfully manage their affairs if they can no longer make decisions for themselves?
Being a son, daughter, spouse or close relative does not automatically give you legal authority to manage a parent’s land, bank accounts, investments or other affairs.
This is why estate planning should begin before capacity is lost.
A properly prepared Power of Attorney, together with a Will and appropriate succession or trust arrangements, can help protect a parent’s wishes, property and dignity.
But what happens if the parent has already lost capacity?
That is where families can face difficult legal and practical challenges. The appropriate legal process may be necessary to enable someone to lawfully manage the parent’s affairs and protect their interests.
The lesson is simple: Plan before the crisis.
Conclusion
At MASTA Advocates LLP, we assist individuals and families with Wills, Powers of Attorney, trusts, succession planning and the protection of family assets.
If you are an ageing parent, caring for an elderly parent, or concerned about the future of your family’s property, early legal advice can make all the difference.
Plan Early. Preserve Choice. Protect the Legacy.
