What is a power of attorney | Macmillan Financial Guidance Service

This video is about a power of attorney. In this video, we show you:
- what a power of attorney is
- types of power of attorney - financial and medical
- how to set up a power of attorney
- mental capacity
- cancelling a power of attorney
- an ordinary power of attorney
- third party mandate
If you need more information about a power of attorney, please visit www.macmillan.org.uk/cancer-i...
For information, support, or someone to talk to, call Macmillan free on 0808 808 00 00. We are open 7 days a week, 8am to 8pm.
The Financial Guidance Service will not advise you on the merits of buying, selling, cancelling or making a claim on a specific financial product from any company or otherwise provide you with any regulated services. As a guidance service, we do not provide financial advice or carry on other activities that are regulated and we are not authorised or regulated by the Financial Conduct Authority. No part of our service constitutes, nor is intended to constitute, a financial promotion within the meaning of the Financial Services and Markets Act 2000 nor an invitation or inducement to engage in investment activity. See full details: www.macmillan.org.uk/cancer-i...
00:00 - What is a power of attorney?
00:19 - Types of power of attorney
00:39 - Setting up a power of attorney
01:05 - Mental capacity
01:36 - Cancelling a power of attorney
01:54 - Ordinary power of attorney
02:17 - Third party mandate
02:50 - Finding more information