Description
- Lasting Power of Attorney (LPA)
A Lasting Power of Attorney also known as an LPA is an important legal document that enables you to appoint someone to make decisions about your finances, property or welfare. Incapacity, illness or even being abroad may make it difficult for you to deal with your day to day affairs so preparing a Lasting Power of Attorney (LPA) appointing someone who is committed to acting in your best interests is an important decision.
A Lasting Power of Attorney is extremely important as your partner or family members do not automatically have legal authority to deal with your financial or personal matters. It is for this reason that we take our time in explaining these Powers of Attorney to our clients and carefully taking their instructions. Their are two types of lasting Power of Attorney’s
1. Health and Welfare LPA
Medical Decisions: It allows your chosen representative to make decisions about your medical treatment, living arrangements, and other healthcare matters.
Quality of Life: Ensures that your preferences for daily routines, care facilities, and treatment options are respected, maintaining your quality of life.
2. Property and Financial Affairs LPA
Financial Management: Grants authority over your financial matters, such as managing bank accounts, paying bills, and handling property transactions.
Business Affairs: If you own a business, your appointed representative can manage its financial aspects on your behalf.
Key Reasons for Having LPAs
Decision-making Continuity
LPAs ensure a smooth transition of decision-making authority to a trusted individual if you’re no longer able to make decisions due to illness, injury, or other circumstances.
Personalised Care
Health and Welfare LPAs allow you to designate someone who knows your preferences and values, ensuring that medical decisions align with your wishes.
Financial Security
Property and Financial Affairs LPAs help protect your financial interests, ensuring bills are paid, and assets are managed appropriately, avoiding financial difficulties.
Reducing Family Stress
Clearly designated LPAs can prevent family disputes about decision-making, providing a legal framework for handling affairs and minimizing potential conflicts.
Legal Recognition
LPAs are recognised legal documents, making it easier for your chosen representative to act on your behalf without unnecessary complications or delays.
In essence, LPAs empower individuals to plan for unforeseen circumstances, maintain control over their lives, and provide a structured mechanism for decision-making when they are no longer able to actively participate. These documents offer peace of mind, knowing that someone you trust will be there to make decisions that align with your values and preferences.
We have a detailed understanding of the relevant legislation; we also have a variety of personal and communication skills that help to guide people through the intricacies of LPA’s.
Our Fee £350.00 each LPA
Office of Public Guardian registration fee of £82.00 per LPA payable by you.
