Lasting Power of Attorney
If you were incapacitated due to illness or accident, who would you want to make the decisions for you? The local authority, the bank, utility companies, the hospital or your family or chosen friends?
Would your family be willing to wait 6 months+, fill out huge forms and pay over £3000 just to make decisions on your behalf if you were unable to?
Without the LPA, this is what they would have to do if you were incapacitated due to illness or accident.
Why should I make a Lasting Power of Attorney (LPA)?
No one wants to think about becoming incapable of making their own decisions through illness or accident. But it happens to people of all ages. Many people think that if something happens to them in the future and they can’t make their own decisions about issues such as finances, property, healthcare or personal care, for example, their family or friends can simply take over.
Peace of mind
Peace of mind
2 Types of LPA
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Health and Welfare
This allows you to appoint someone (known as your attorney) to make decisions about your health and personal care if you’re unable to make them yourself. This could include decisions about medical treatment, where you live (such as moving into a care home), your daily routines, and even life-sustaining treatment.
It only comes into effect if you lose the mental capacity to make these decisions yourself, giving you peace of mind that someone you trust will act in your best interests.
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Property and Financial Affairs
This allows you to appoint someone (your attorney) to make decisions about your finances and property if you’re unable to do so yourself. This can include managing your bank accounts, paying bills, collecting benefits or pensions, and even buying or selling property.
It provides peace of mind that your financial matters will be handled by someone you trust.