Lasting Powers of Attorney (LPA)

Putting the right processes in place

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Lasting Powers of Attorney (LPA)

What is a ‘lasting power of attorney’. Essentially, this is a way of giving someone you trust the legal authority for making decisions on your behalf should you lose mental capacity in the future. It is always best to be prepared, it is not something can that be done when you are unable to make your own decisions.

However, among the reasons for needing a power of attorney will include:

  • You may, for example, be going into hospital and need help with things such as paying bills.
  • Or, you may need to make long-term healthcare plans, for example being diagnosed with dementia which may lead to you losing mental capacity for making decisions.
  • You could be involved in an accident leaving you without capacity to make your own decisions.

Essentially, while there are different types of powers of attorney, the issue for lasting powers of attorney will cover those decisions about your health, financial affairs and potentially your future care. Having lasting powers of attorney in place will ensure that all future issues will be covered by you.

There are two types of LPA; health and welfare, and financial.  An LPA gives you control over what happens should you have a serious illness or an accident resulting in you being unable to make your own decision.

 

Will Writing & Preparation of Lasting Powers of Attorney are not Regulated by the FCA

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