Lasting Power Of Attorney

Lasting Power Of Attorney

We all know the importance of having a Will but something we don’t always consider is Lasting Power of Attorney.

A lasting Power of Attorney (LPA) gives another individual the legal authority to look after certain aspects of your financial affairs and/or health and welfare should you lose the capacity to do so.

According to the Alzheimer’s Society, more than 1 million people in the UK will have dementia by 2025. One in five people already suffer from it with rates significantly higher in women than those in men. Having an LPA in place will ease the potential burden on your relatives by planning ahead.

LPA’s are not only for the elderly, younger people may become incapacitated through accident or illness and may need a relative or loved one to take care of their affairs.

Should you lose capacity and do not have an LPA in place this would mean family members having to apply to the Court of Protection to gain access and take control of your finances. This could mean facing long delays and could work out to be quite expensive.

For more information on the Wills and LPA’s we offer please speak to one of our experts. We can arrange for these to be done on an individual basis or have packages in place to suit you.