Most of us do make a will and power of attorney at the same time when seeing a will writer or solicitor to draw up our wills. A will disposes of your estate on your death, and a lasting power enables you to appoint someone that you trust to manage your finances, or make medical decisions on your behalf, if you lack the capacity to do so yourself. Therefore they are completely different documents.
Both a will and power of attorney are essential documents. There is a common misconception that powers of attorney are only required for the elderly, but this is simply not the case. Unfortunately as a solicitor, I helped many families who had a relative suffer a stroke, have an accident, or other life changing medical event that rendered them unable to manage their affairs. If you lose the capacity to manage your affairs, it is too late to make a power of attorney. An application to the court would be required, known as a deputyship order, which is long winded and very expensive.
Therefore we always recommend that a will and power of attorney are made at the same time, while your are in good health. And it is peace of mind for you and your family, that they can manage your affairs or make medical decisions for you, should you lose capacity.
Please see our website www.mywillmychoice.co.uk for further details.
Powers of attorney can be made at home from only £199 by our experienced will writer and former solicitor with over 10 years' experience.