Peace of mind when you need it most.
We have been advising clients in relation to Power of Attorney for many years, bringing certainty and clarity to both clients and their loved ones.
A Lasting Power of Attorney (LPA) is a legal document granting another person the authority to make legal and financial decisions on your behalf. Making a Power of Attorney will ensure that someone you know and trust is given the authority to look after your personal affairs in the way in which you wish should you become incapable of doing so in the future, bringing you complete peace of mind.
There are two types of LPA:
- Health and welfare –
dealing with everyday living and medical care. - Property and financial affairs –
dealing with bills, investments and savings and selling your home.
You can choose to make just one type or both, depending on your situation. We can provide you with advice on what is best for you, especially as when they come into effect differs somewhat.
- Lasting Power for financial decisions –
This LPA can be used to allow someone to make decisions for you while you still have mental capacity; the benefit being that should you have mobility difficulties in the future, your appointed attornies will be able to deal with the affairs that you might not be able to deal with, such as withdrawing money from your bank account and paying bills. - A Lasting Power of Attorney for health –
This LPA is different in that it only comes into effect if you have lost the capacity to make decisions for yourself.
It is important to note that a Lasting Power of Attorney is only valid if:
- You have not been put under pressure to create it and,
- If you have the mental capacity to understand the implications of the document.
In the event that a person has lost mental capacity, we also deal with the Court of Protection and deputyship orders.
To talk to us about Powers of Attorney, contact us on 0191 488 6080 or email jlb@peterross.co.uk
Whilst you’re preparing for the future, it’s a good time to ensure that your Will is up to date.