Powers of Attorney
You may have already considered how your will deals with your estate after death, but have you thought about what would happen should you be unable to manage your own affairs and make decisions about your care during your lifetime? This situation can arise due to physical or mental incapacity and it is a particularly important concern at a time when people are living longer.
A Lasting Power of Attorney (LPA) is a document which enables you to plan ahead by choosing to give someone you trust the power to act on your behalf in specific situations. They become your Attorney.
There are two different types of LPA:
1. Property and Financial Affairs – this allows your Attorney to make decisions about money and property; for example, paying bills, receiving income or buying and selling a house.
2. Health and Welfare – this enables your Attorney to make decisions about your care and well being when you are unable to do so yourself. You may also give them the power to accept or refuse life-sustaining treatment on your behalf.
When making an LPA you have full control over what powers you wish your Attorney to have. You can choose to make one or both types of LPA, using the same or different Attorneys.
This is obviously a very important decision to make, with many different implications that you need to consider. We will guide you - or your relatives - through the decision making process before drawing up and registering the LPA on your behalf. Our services also include acting as a Professional Attorney for you if you do not wish to appoint a friend or relative to do so.