Why do I need a LPA?
No doubt you’ve taken care to ensure your assets go to the right people when you die by making a Will. If you care enough about what happens when you die, then you ought to care even more about keeping them, and yourself, safe while you are alive.
There may come a time in your life when you are unable to manage your financial affairs, or personal welfare, owing to some form of incapacity and you will need someone to act on your behalf.
Even when we are young, we can find ourselves incapacitated owing to illness or injury and it can be invaluable having a reliable person, who is able to 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, don’t just assume relatives can access your money to pay for your care. Even joint accounts will get frozen.
Every adult should make a lasting power of attorney before it’s too late to do it. Don’t let a stranger have the power to decide how you should be treated medically or where you should be living. It’s very important to choose the right attorneys. This should normally be a family member or very close friend.
Accidents and illness DO NOT respect age. We can all find ourselves incapacitated and it can be invaluable having a reliable person, who is able to manage your personal affairs and remove the anxiety of having unpaid bills, at a time when you most need peace of mind.
Listen to Heather Bateman talk to BBC’s The One Show presenter Dom Littlewood
Don’t put it off any longer.