Recently, I wrote a blog about the most common myths that people hold about Lasting Powers of Attorney which included statements such as ‘I’m married so my husband/wife will get to decide what happens’ and ‘I don’t need an LPA because I’m not old’. You can read that blog HERE to see why these beliefs aren’t true.
I thought I’d add this blog to the site to explain the basic reasons why a Lasting Power of Attorney is an important document and what purpose it serves for you and your loved ones.
Let’s start with a definition.
A Lasting Power of Attorney is a document which allows someone to act on your behalf (whilst you are alive) when you lack capacity – capacity can be mental, emotional or physical. There are two types of LPAs – one for Health & Welfare (decisions such as medical treatment or care) and one for Property and Financial Affairs (decisions such as access to bank accounts or how money is spent).
The following 4 points are the main reasons that you should make one or both Lasting Powers of Attorney, taken from the Society of Will Writers information.
With a Lasting Power of Attorney in place you will have peace of mind and full control over your estate and any decisions made if you are unable to make them yourself. Any Attorney you appoint will be someone you trust and someone who understands your wishes and what you would have chosen were you able to.
If you want to discuss putting a Lasting Power of Attorney in place for yourself or a loved one please contact me today on the details below.