LASTING POWERS OF ATTORNEY (LPA)
If you were to become incapacitated and unable to function, decisions about your finances or health might need to be taken on your behalf. Without a Lasting Powers of Attorney (LPA’s) , an application would need to be made to the Court of Protection in order for someone to be appointed to make those decisions (your deputy).
The person appointed as deputy may not have been the person you would have chosen and the process is known to take some time. The cost is also far higher than that of putting an LPA in place. Depending on your circumstances those around you may suffer. LPAs should, therefore, be regarded as another insurance policy vital to the ongoing quality of your life and that of your dependents.
As Standard there are two major forms of LPA:
Health and Wellbeing
Which covers, as it suggests, decisions about your personal welfare including if agreed by you the ability to withdraw life sustain treatment.
Which is aimed at keeping the normal day to day monetary processes under control.
Lasting Powers of Attorney - who should you appoint?
However, when considering who might act as your attorney in respect of your financial affairs, one should think about their experience and relevance to specific sectors.
For example; your spouse might not be comfortable making decisions about businesses you may own or perhaps you have a complicated pension or investment portfolio. We are able to advise when and how to arrange and register different LPAs for separate parts of your financial affairs.
Want to know more? Need further information in a relaxed and friendly environment with someone that has your interests at heart? Why not get in touch by phone today on 01635 959111 or use our online contact form to send us a message.
WHAT TO DO WHEN YOU’VE BEEN APPOINTED AS AN ATTORNEY
In conjunction with the Office of the Public Guardian we have compiled a guide to help you in your role as Attorney under a lasting power of attorney (LPA).
You can read and download our guide here: