What is a Lasting Power of Attorney?
A Lasting Power of Attorney (LPA) is a powerful legal document that allows people you trust to take care of your affairs after you are unable to do so yourself. These people are called your Attorneys and can be your children, the Executors in your Will, your spouse, or even your friends.
There are two kinds of LPA that you are able to apply for. A Health and Welfare LPA enables your nominated Attorneys to make decisions about how you are looked after in the future, including your personal care, and medical treatment. This allows your Attorneys to essentially carry out your wishes, without interference from any third parties. A Property and Financial Affairs LPA allows your Attorneys to take care of your assets for you when you are unable to do so yourself, paying bills, looking after investments, and making decisions about your property. This can eliminate the stress and upset of tackling the banks’ stringent security procedures.
Why do I need a Lasting Power of Attorney?
If you lose mental capacity in the future and have not made a Lasting Power of Attorney, your loved ones will have to apply for a Deputyship Order from the Court of Protection in order to allow them to look after your finances and make decisions about your welfare. Acquiring a Deputyship Order is a long, expensive and often stressful process that is easily avoided by planning ahead and making a Lasting Power of Attorney.
When do I need to think about making a Lasting Power of Attorney?
There is a huge misconception that people ought to wait until they begin to lose capacity to consider making a Lasting Power of Attorney. Much like a Will, a Lasting Power of Attorney is a document that is prepared for an eventuality. You might never lose capacity, but in the event that you do, it is a very good idea to have all provisions in place. Compare it to getting a passport – you might never go abroad, but if you were to see a last-minute bargain Barbados holiday, you would be happy you had one!
I have very specific wishes for how I want my affairs to be administered should I lose capacity – how can I make sure these will be adhered to?
Never fear, with an LPA you can put limitations, restrictions and conditions on the things that matter most to you. This helps to give your Attorneys an idea of exactly what you want, and it also helps to make sure that no one ignores your specific wishes and concerns.
How do I make a Lasting Power Of Attorney?
That’s where the April King Legal team come in. From your initial consultation to registering your Lasting Power of Attorney, we will assist you every step of the way. We will deal with the paperwork for you based on your instructions, and will keep you updated on the progress of your application as time goes on. In addition to this, should you want to make a Will, amend an existing Will, or find out more about Bloodline Wills and Care Fee Will Trusts, we can offer packages that address all of your needs without breaking the bank.
If a Lasting Power of Attorney sounds like it would be right for you, please don’t hesitate to contact our professional and approachable team for a free information pack.
Speak to us
Book a free, no obligation appointment with one of our experienced team. We have locations throughout the UK and we can also offer home visits where this is more convenient. Call 0800 788 0500 or email email@example.com to make an appointment with your nearest office. We also have a free information pack which you can order by clicking here.