10/11/2024
*Have you planned who will manage your affairs in the event you are unable to?*
“A lasting power of attorney is one of the most important documents you will hold in your lifetime…”
As humans, we all know that life is unpredictable, and we cannot know what will happen to us in the future. Nevertheless, it is essential to plan for the future as much as possible, including the possibility that we may be unable to make decisions about our finances or medical care. That is why having a Lasting Power of Attorney (LPA) is crucial for anyone who wants to secure their future and safeguard themselves against unforeseen circumstances.
An LPA is a legal document that allows someone you have selected to make decisions for you when you are no longer able to do so. This person is known as an attorney, and they can be a family member, friend, or even a professional, such as a solicitor. There are two types of LPAs: the Property and Financial Affairs LPA and the Health and Welfare LPA.
The Property and Financial Affairs LPA gives your attorney the power to make decisions about your finances and assets, including managing your bank account, paying bills, and selling your property. On the other hand, the Health and Welfare LPA allows your attorney to make decisions concerning your medical treatment, care, and living arrangements if you become unable to do so yourself.
Having an LPA is particularly important for older people or those with a medical condition that could affect their ability to make decisions. Accidents or unexpected illnesses can also leave anyone unable to manage their affairs or make crucial medical decisions. Without an LPA, a court may have to appoint a deputy to make decisions on the individual's behalf. However, this process can be time-consuming, expensive, and may not result in the best outcome for the individual.
Furthermore, it is essential to choose someone you trust as your attorney and to discuss your wishes explicitly with them. This way, they will know what decisions to make on your behalf if the need arises. It is also advisable to review your LPA regularly, especially if your circumstances change, to ensure your attorney can continue to act in your best interests.
I offer a no fee, no obligation initial consultation.
Contact me today to discuss putting in place Lasting Power of Attorney documents to help protect you.
📱07359 834050
📧 [email protected]