With the chaos of our modern lives, it can be hard to think about the future. Planning for a reality far away might seem needless, however, the loss of mental capacity or ability can, unfortunately, strike at the most unexpected of times.
Read on to learn about what a Lasting Power of Attorney is, and how it can benefit you in the the event that you can no longer make decisions for yourself.
A Lasting Power of Attorney (LPA) refers to a legal document, which authorises another person or persons to make decisions on your behalf. These are generally put in place to ensure that a person is cared for and protected should they no longer be able to make important decisions alone.
There are generally two types of Lasting Power of Attorneys. One is referred to as the health and wellbeing LPA, while the other is known as the property and financial affairs LPA.
The two aforementioned subcategories of Lasting Powers of Attorney are split for very good reasons. The different types allow for the subject of the LPA to get the care that they need while specific to their individual circumstances. Many people choose to have both types put in place, while others choose to retain control over certain aspects of their lives.
A financial Lasting Power of Attorney can be used to make sure your finances are in order, from paying your bills to checking on pension payments. This takes the worry and stress from ensuring you are protected.
Health and well-being Lasting Powers of Attorney can help ease the difficulties you may be suffering from. Your attorney can make decisions on where you live, what your daily routine looks like, as well as medical care.
As mentioned, a Lasting Power of Attorney can be put in place to ensure that decisions are made in your best interest if you are not able to make them. Writing in a Lasting Power of Attorney early means you won’t need to go through the process of having a family member apply to the Court of Protection. This approval can take months to obtain, leaving you without support during that waiting period.
It’s always a good idea to seek the advice of a local solicitor when deciding to set up LPAs, as it’s important to learn in detail how a Lasting Power of Attorney will impact you later in your life. They will also discuss who your attorney should be, to help you decide who the right person or persons may be.
At Mark Redler Solicitors, we have offered top-quality legal advice for over 45 years. Our team of friendly local solicitors can apply our experience and expertise to help you establish a Lasting Power of Attorney, ensuring someone can legally act on your behalf if you are no longer fit to do so. With our range of services, from family law to living wills, we can help you receive the right legal advice, from a welcoming and professional team.
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contact us directly for more information.