POWER OF ATTORNEY
Who would make decisions for you, if you no longer could?
None of us like to imagine being unable to make our own decisions. But should age, accident or illness take that away from you, wouldn't you rather that the person making the choices for you was someone you could trust?
A Lasting Power of Attorney (LPA) is a legal document allowing you to authorise people you trust (known as "attorneys") to make decisions on your behalf where circumstances have left you incapable of making your own.
If you are no longer able to deal with your own affairs your assets will be frozen until a Deputy normally the next of kin - is appointed by the Court of Protection. This can take many months and cost a great deal of money.
Where there is a need to access accounts to pay for medical expenses or care fees, this can cause a great deal of stress and anxiety to the family as nothing can be accessed until the Deputy has been appointed.
The way to avoid this is to set up either a Property and Financial Affairs LPA, giving the attorney authority to make decisions about your financial affairs or a Health and Welfare LPA, giving the attorney authority to make decisions about your healthcare and personal welfare.
The good news is that setting up either of these Powers of Attorney couldn't be easier and can even be conducted in the comfort of your own home. An initial consultation with us need take no more than an hour, after which your Powers of Attorney can be prepared and signed and witnessed.
what is a lasting power of attorney?
A legal document that lets you appoint one or more people (known as 'attorneys') to help you make decisions or to make decisions on your behalf. ... You must be 18 or over and have mental capacity when you make your LPA.
what are the 4 types of power of attorney
1. General Power of Attorney
2. Durable Power of Attorney
3. Special or Limited Power of Attorney
4. Springing Durable Power of Attorney
what are the advantages of power of attorney?
The ability to choose who will make decisions for you (rather than a court). If someone has signed a power of attorney and later becomes incapacitated and unable to make decisions, the agent named can step into the shoes of the incapacitated person and make important financial decisions
who should i make my power of attorney?
Most people select their spouse, a relative, or a close friend to be their power of attorney. But you can name anyone you want: Remember that selecting a power of attorney is not about choosing the person closest to you, but rather the one who can represent your wishes the best.
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