Power Of Attorney
Thinking and talking about what would happen if our faculties deserted us is uncomfortable. Yet it's important to consider how much worse the situation would be if you had a stroke, serious accident or dementia (eg, Alzheimer's) without sorting it first.
If someone has difficulties that mean they can't make decisions anymore, they will need help managing their finances Along with their Health and Welfare. A Lasting Power of Attorney (LPA) is a legal document where someone (while they still have mental capacity) nominates a trusted friend or relative to look after their affairs if they lost capacity. The key point to remember...
Don't think you suddenly give up control. You can choose whether it can be used either before, or only when, you lose mental capacity.
Your representative should only ever make a choice for you if you're unable to make that specific decision at the time it needs to be made. For example, if you fall into a coma, your representative would start looking after your affairs. Yet if you wake from the coma, you should be able to make your own decisions again.
It's worth noting LPAs replaced the previous Enduring Power of Attorney (EPA) system. EPAs set up before 1 October 2007 will still be valid, whether or not they have been registered, though they must be registered when the person loses capacity.
Our friendly, professional, expert team can talk you through the benefits of drafting your LPA and help you decide which documents suit your circumstances.
£200 Per Form
This includes lifetime storage and free amendments for 12 months
Health and Welfare LPA
your daily routine, for example, washing, dressing, eating
moving into a care home
Property and Finance LPA
managing a bank or building society account
collecting benefits or a pension
selling your home
As a business owner, it’s important to consider what would happen to your business if you were unable to make decisions. Ensuring your business interests are protected will help with:
payment of bills
service a business loan