A Lasting Power of Attorney (LPA) allows you to appoint someone to make decisions on your behalf in relation to your property and financial affairs and/or your health and welfare.
What is an LPA?
An LPA is a legal document that allows you to appoint someone (called an “Attorney”) to make decisions on your behalf regarding:
1. Your property and financial affairs
2. Your health and welfare
When can it be used?
- When you’re unable to make decisions yourself
- When you simply prefer not to handle certain tasks, like bill payments
Who needs an LPA?
Everyone should consider having an LPA, regardless of age. Life is unpredictable, and unexpected events can happen to anyone.
Why create an LPA?
1. Prepare for unforeseen circumstances (e.g., accidents, illnesses)
2. Ensure your affairs are managed by someone you trust
3. Provide peace of mind for you and your loved ones
Key features of an LPA:
1. Flexibility: You can specify when and how your Attorney(s) can act
2. Control: Include clauses to limit your Attorney’s powers (e.g., requiring a doctor’s certification of mental incapacity)
3. Multiple Attorneys: Appoint more than one person to act “jointly and severally”
Who can be your Attorney?
- Trusted friends or family members
- Professional services (like us) if you prefer impartial management
Remember: Creating an LPA is a proactive step towards securing your future and ensuring your wishes are respected, no matter what life brings.
Call us today to book a free half hour, no obligation, initial consultation with one of our friendly and welcoming solicitors. Or explore our website to find out more.