If you are concerned about you or your relatives losing the ability to manage finances or make decisions about things such as property and general welfare in later life, a Lasting Power of Attorney is the obvious answer. It is a way to pass the responsibility to the people you love and trust the most. But only when the time is right.
A Lasting Power of Attorney lets you appoint someone to make decisions on your behalf.
It’s normally used when someone is unable to make their own decisions.
There are 2 types of Lasting Power of Attorney (LPA) :-
- Health and Welfare – to reflect your wishes regarding medical care, moving into a care home, refusal of life sustaining treatment.
- Property and Financial Affairs – dealing with the sale of your house if necessary, paying bills on your behalf, collecting benefits where applicable.
You can choose to make one type of Lasting Power of Attorney or both.
You can download the forms and guidance notes (over 100 pages!) in order to complete the application process yourself, but we strongly advise that you should appoint a solicitor to carry out your instructions and to complete the formalities for you. Of course there will be a cost involved but we will be happy to refer you to an appropriate legal firm if you do not already have a relationship with a solicitor who is experienced in this field.
And if Power of Attorney is not arranged? Look at the fact sheet on the right of this page entitled The Heather Bateman story which was originally published in Saga magazine. It is a powerful testimony of what could happen in the absence of an LPA
We are happy to discuss the use of Lasting Power of Attorney and to help you make the right decisions for you and your loved ones.
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