Power of Attorney

 

The Power of Attorney provides you with the option to choose who makes decisions for you rather than a court..

When a person signs a power of attorney, and later becomes incapacitated and unable to make decisions, the attorney (agent) named can step into the shoes of the incapacitated person.

The three most common types of powers of attorney that delegate authority to an agent to handle your financial affairs are the following:

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General power of attorney
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Limited power of attorney
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Enduring or Durable power of attorney.

Benefits of Power of Attorney.

POAs aren’t only necessary for those who are incapacitated.

To handle their affairs “at home,” expatriate workers and their families should set up a POA. Younger people who travel a great deal might appoint someone to handle their affairs in their absence, especially if they don’t have a spouse.

Generally, POAs are created when someone is elderly or facing a severe, more prolonged health crisis.

The three most common types of powers of attorney that delegate authority to an agent to handle your financial affairs are the following

  1. General power of attorney
  2. Limited power of attorney
  3. Enduring or Durable power of attorney

When a person signs a power of attorney, and later becomes incapacitated and unable to make decisions, the attorney (agent) named can step into the shoes of the incapacitated person.

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Other Services

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Estate Planning

Everyone has possessions they will leave behind when they die and should make provisions for how they want these to be distributed.
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Wills

Without a Will, the Court of Probate makes decisions on your behalf –  the risk being your possessions will not be distributed as you would like.

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Trusts

Your property passes immediately and directly to your named beneficiaries whenever needed with the right type of trust in place.

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Set Up A Consultation

Reach out to the experts at Carey Suen today and begin putting plans in place to secure the future of your legacy.

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Guardianship

Ideally, guardians should be appointed in a Will and a Deed, giving them immediate access to take charge of the care of children.
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Digital Wills

Manage the fate of your online presence and assets in one document without having to make arrangements with each site.
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Cross-Border Planning

It is important to consider your overall tax status when you marry or move to another country or invest in an asset away from home.
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Company Protection

The company should consider how it would financially replace its key person if this person were to die or become incapacitated.
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UK Citizens

Special rules apply to the calculation of inheritance tax on the global assets of UK passport holders who live outside the UK.

We specialize in a diverse set of bespoke wealth management solutions meant to protect you and your assets from both the uncertainties and eventualities of life. Our services include:

  • Helping you stay in charge of what happens to your possession when you die.
  • Ensuring your beneficiaries (especially those most vulnerable) are taken care of.
  • Catering to the tax concerns of UK citizens who live abroad as well as those with international family ties or investments
  • Helping you secure your digital property in an increasingly digital world.
  • Providing advice and solutions for leader replacement in cases of retirement or death.
  • Ensuring someone is assigned to carry out your wishes in the event you are unable to do so.

All of our processes require an in-depth knowledge of the laws and taxes applicable locally and globally.

They also require the flexibility to create unique solutions that cater to the specific situations and scenarios our clients bring to us.

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