Lasting power of attorney
A Lasting Power of Attorney is a way of you appointing someone you trust to handle your financial affairs and health and welfare should you become mentally incapacitated.
What is Lasting Power of Attorney?
A Lasting Power of Attorney is a way of you appointing someone you trust to handle your financial affairs and health and welfare should you become mentally incapacitated. The important thing to point out is that Lasting Power of Attorney needs to be appointed whilst you are mentally healthy. You cannot appoint an attorney after you have become mentally incapacitated.
What happens if I don’t appoint a Lasting Power of Attorney?
If you become mentally incapacitated and have not appointed a Lasting Power of Attorney it falls to your relatives and loved ones to apply to the Court of Protection to appoint ‘deputies’ so that a relative or friend can make decisions on your behalf. This can be a long and arduous process with potentially high legal costs and no guarantees and in the meantime the court of protection will handle your affairs, to the detriment of your loved ones.
Appointing a Lasting Power of Attorney whilst you are still mentally healthy, will prevent relatives or friends having to go through this process.
Why use Will Power?
Our Lasting Power of Attorney’s are recognised by financial institutions, local authorities, care homes as well as tax, benefits and pension authorities. You may already have a Will and would like to learn more about adding a Lasting Power of Attorney. There are two types and we will spend time with you to explain in detail what each type entails, if however you would like a bit more information now we have outlined each type below.
Property & Finance
Property & Finance deals with your financial affairs or property that you own and can be used whilst you are still mentally healthy, but you may no longer wish to handle your financial affairs or are physically unable.
Health & Welfare
Health & Welfare can only be used once you have lost mental capacity and also enables decisions regarding Life sustaining treatment. Your chosen attorney will need to make decisions regarding where you are cared for and how you are cared for, what your diet and medication is, and who can visit you.
We charge a flat fee of £75 for single unregistered Lasting Power of Attorney. We will explain more when we meet, but you can opt to register your LPA, in which case a small registration fee applies which is paid direct to the office of the public guardian.
We believe everyone should have this important document in place, capacity can be lost through accident or illness as well as age, and if you would rather your loved ones handle your affairs and not the court of protection, then this needs to be legally written and witnessed.
Call us today for a FREE no obligation consultation 01903 339 007
We are professionals with years of experience in writing legal Wills call us TODAY to arrange a free consultation to ensure you have the correct arrangements in place 01903 339 007
Make sure you come and see us before you go