Lasting Powers of Attorney (LPAs) Services
Lasting Powers of Attorney Guidance to protect your estate
Unforeseen personal circumstances such as sudden debilitating illness, Long Term disability or memory loss can sometimes come without warning. It's extremely important that when you are unable to deal with your own affairs while you are living, that they are placed in the hands of those you trust to handle them. Having Lasting Powers of Attorney in place does just that, giving you control over your estate, and what happens with it.
More Information about Lasting Powers of Attorney (LPAs)
What does Lasting Powers of Attorney (LPAs) mean?
Lasting Powers of Attorney or LPAs are important legal documents to enable someone to look after your financial affairs and/or health and wellbeing.
They came into force on 1st October 2007 to replace Enduring Powers of Attorney (EPAs)
Why are Lasting Powers of Attorney important?
Currently over 85% of the UK do not have valid LPAs in force, which is a shocking statistic when without it, if you were to loose mental capacity due to something such as a serious accident, stroke or a dementia based condition without LPAs in place, you would become a ward of court and your next of kin would need to apply to the Court of Protection to be appointed as your Deputy to enable them to look after your affairs.
This is a much more costly situation to include solicitors costs, court costs and ongoing returns of information and accounts to the court.
Whereas correctly drafted Lasting Powers of Attorney are a very cost effective option to the alternative.
At all times your attorneys are there to act in your best interests.
Which Lasting Powers of Attorney do I need?
There are 2 forms of LPA available:
Property & Financial
Health & Wellbeing
The first allows your attorneys to look after any financial interest you may hold including property, investments, etc.
The second allows your attorneys to liase about your wellbeing on your behalf with Doctors, Social Services, Care home Providers, etc.
For more information, and a free no obligation chat to see how we can help, please contact us via the contact form.