Powers of AttorneyA Lasting Power of Attorney (LPA) allows the person or people of your choosing to assist you or perhaps even make decisions on your behalf. This document holds huge weight and as such it is so important that it be right. FIND OUT MORE
The person or people named in your LPA are your attorneys. You can have more than one, although more than four is unusual. Having an LPA allows affairs to be dealt with immediately and without worry.
Everyone should consider drawing up an LPA, but particularly the elderly. We would recommend that everyone over the age of 50 give it serious consideration, and it should be regarded as a necessity for anyone over the age of 70 or suffering from ill health.
Losing mental capacity is not the only reason to appoint an LPA. You may become less mobile or need to enter care accommodation, your signature may become shaky, leading it to be questioned by your bank, or you may need to be in hospital for a period of time. In all of these instances Britton & Time can help you draw up an LPA.
We can help with issues involving wills, probate, lasting power of attorney, among many other things.
Types of LPA
A Property and Affairs LPA assists you in making decisions regarding your finances and property. They are able to sell property on your behalf if it becomes necessary, and handle your finances on a day-to-day basis.
A Health and Welfare LPA makes extremely important decisions about where you live, as well as your health, including the type, level and calibre of care you receive. You can also entrust your attorney(s) to make decisions about whether you receive life sustaining treatment, in a circumstance where you might lack capacity to make that decision yourself.
Why do I need an LPA?
A Power of Attorney allows you to make the important decision in advance as to is responsible for these very important matters. It determines who will act on your behalf if any such circumstances arose.
What happens if I don’t have an LPA?
If you lose mental capacity but don’t have an LPA then the Court of Protection will appoint someone to act on your behalf. This person is known as a Deputy.
You will have no choice or influence over who is appointed. The process is both costly and lengthy – it typically takes 9 months or more to complete a registration, and costs around £2,000. Until the registration is complete, assets are frozen and bills can go unpaid, exacerbating financial burdens unnecessarily.
Can I change my LPA?
As long as you have mental capacity you can change your mind. You can decide to change your appointed attorney(s) simply by revoking the document and creating a new one, which Britton & Time Solicitors can help you to do, get in touch today.
Whatever your situation get in touch today for a professional, cost-effective way forward.
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