Let us advise you on LPA’s to make sure you have a say,
even when you don’t have a voice
There may come a time in your life when you – or a loved one – are unable to manage your financial affairs or personal welfare, owing to some form of incapacity.
A Lasting Power of Attorney is like an insurance policy. The best scenario is that you never need it. However, if you were ever to lose capacity, your Lasting Powers of Attorney are the most valuable tools to ensure that you are properly looked after by your loved ones.
What does a Lasting Power of Attorney cover?
There are two kinds of LPA, each covering a different area:
• Health and Welfare matters;
• Property and Financial matters.
We usually advise taking out both LPAs in tandem, to ensure that all eventualities are covered, but for individual advice contact us at any time.
Why would I need a Lasting Power of Attorney?
Whilst you may have taken care to ensure that your assets go to the right people when you die, by making a Will, it’s equally important to make sure you know what will happen to them whilst you are alive, even if you are unable to make vital decisions yourself.
Life is unpredictable, so at any time we could find ourselves incapacitated owing to illness or injury, and at such times, it would be invaluable to have delegated responsibility to a trusted, reliable person who can manage your personal affairs and remove the anxiety of having unpaid bills, at a time when you most need peace of mind.
If you should lose mental capacity, you can’t just assume that relatives can access your money to pay for your care, and even joint accounts will get frozen.
Who should have Lasting Powers of Attorney?
We recommend that every adult should create Lasting Powers of Attorney before it’s too late to do so, because no-one wants to allow a stranger to have the power to decide how you should be treated medically or where you should be living.
Who should responsibility be given to?
It’s very important to choose the right attorneys, so they are usually family members or close friends. Whoever it is must be reliable and trustworthy, but putting LPAs in place can provide real comfort, knowing that there is always someone there to manage your personal affairs and remove the anxiety of having unpaid bills, at a time when you – and they – most need it.
Listen to Heather Bateman talk to BBC’s The One Show presenter Dom Littlewood.
For further impartial advice regarding all aspects of Lasting Powers of Attorney, call Eli Pressman at Barnet Wills on 020 3189 1737 or email firstname.lastname@example.org