Lasting Power of Attorney
What is a Lasting Power of Attorney?
When you make an LPA, you give someone else the power to act on your behalf. They will be able to perform important tasks and make decisions for you, such as accessing bank accounts.
Why do I need a Lasting Power of Attorney?
Every year 1000s of UK citizens suffer an accident or illness that prevents them from being able to carry out normal everyday tasks. Having an LPA in place means that your spouse, partner, relation or friend can act on your behalf. This could involve paying bills or applying for loans, or making decisions about your medical treatment.
What if I don’t have mental capacity?
A Lasting Power of Attorney must be made while you have full mental capacity. If you suffer an accident or some form of physical or mental illness and are deemed unable to make such an important decision then you will be unable to create one. This can leave your family and/or your business in a very precarious situation.
This is why it is so important to make an LPA when you are fit and well.
Are there different types of LPA?
There are two different types of Lasting Power of Attorney.
The Property and Financial Affairs LPA
This covers selling property, paying mortgages, managing investments and paying bills. It is an essential document for allowing your affairs to be managed if you become incapacitated.
Health and Welfare Lasting Power of Attorney
This document will give your Attorney the power to make important decisions about your health and welfare. It covers things such as the type of medical treatment you should receive and where you should have it.
How do I choose which LPA is right for me?
Deciding which one is right for you really comes down to your personal circumstances, as every single person can be affected differently events. The main considerations to take into account are things such as your family and employment circumstances, as well as the complexity of your estate.
Our Will Writers are dedicated specialists with years of experience; we can advise you on the best way to proceed based on your personal circumstances.
How do I make a Lasting Power of Attorney?
Although an essential document, making an LPA is a straightforward process. We will discuss your circumstances and recommend a course of action. We then draw up the document which you must sign along with a witness. Our Will Writers will guide you through the whole process.
To find out more about Lasting Power of Attorneys please get in touch and we will be happy to discuss them with you in more detail.
You can make a Will and set up a Lasting Power of Attorney quickly and affordably, at work or in the comfort of your own home, with one of our expert inheritance planners.
During this meeting we’ll help you:
• Appoint guardians or set up Trusts for young children
• Plan the distribution of your estate to minimise inheritance tax
• Create Trusts to make provision for vulnerable dependents
• Arrange your affairs in the event of your spouse remarrying
• Prevent loved ones falling out over who gets what
• Protect your property against care fees
• Make gifts of money or specific items to individuals or charities
• Leave instructions about your funeral
We also provide safe, secure and professional Will storage.