Lasting Powers of Attorney (LPA) are legal documents to appoint an Attorney to act on your behalf in managing your affairs at a time when you are unable to make decisions. Unlike a Will which is implemented after death, LPAs make provision for an Attorney to make decisions about either your health & welfare or your property & financial affairs during your lifetime. These might come into effect due to age-related conditions, illness or even following an accident.
Why Should I Write a Lasting Powers of Attorney?
Let’s plan ahead together
Planning and implementing LPAs like much other later-life planning can seem complex and difficult to face. But by discussing the options and making provision for the future, you can ease the burden on your loved ones. This avoids them having to make difficult decisions in the event of an emergency, a life-changing incident or even regarding your personal care in later life.
Loss of Mental Capacity
The only way to avoid having to go to the Court of Protection when someone loses their mental capacity is for them to have written a Lasting Power of Attorney whilst they still had mental capacity. In this context an “Attorney” is someone appointed to act on someone else’s behalf, either now or in the future. You can appoint more than one Attorney. A Power of Attorney is the only legal way for a person to appoint an Attorney to act on their behalf to make financial decisions should they lose mental capacity at some point in the future.
Health & Welfare
A Health & Welfare Lasting Power of Attorney instructs an appointed Attorney to make choices on your behalf only when you are unable to make these decisions for yourself. These decisions are regarding your medical care, daily care, living arrangements or life-sustaining treatments.
Property & Financial Affairs
A Property & Financial Affair Lasting Power of Attorney appoints an Attorney to make decisions about your property, bills or bank accounts. Unlike the Health & Welfare LPA, this LPA comes into effect with your permission as soon as it is registered, allowing your attorney to pay bills, collect benefits or even manage your estate on your behalf.
Without an LPA, a complicated and costly application needs to be made to the Court of Protection to grant a Deputy to act on your behalf should you become incapable of making decisions. Avoid this stress for your loved ones and your family by talking to us today to make and register your Lasting Power of Attorney.