If you are concerned that you, or a close friend or family member, may lose the ability to manage personal affairs in the future, whether financial, legal or health related, you may wish to consider creating a lasting power of attorney (LPA) appointing a close and trusted individual to act on your behalf should the need arise.
At Farleys our solicitors regularly handle the LPA application and registration process, alleviating any concerns our clients may have regarding what can feel like a complex process. For more information call 0125 460 6090 or you can contact us by e-mail.
In what situations is LPA typically used?
Typically, an LPA is necessary in situations in which on of the following have deprived the individual in question of their ability to handle their bank accounts, property, legal affairs or personal health:
- Old age
What are the benefits of creating a Lasting Power of Attorney?
Planning ahead and creating a Lasting Power of Attorney now allows you to make arrangements to appoint another individual to manage your personal affairs, should you at any point in the future become unable to do so.
An LPA will allow you to decide who will make certain decisions regarding your finances, legal affairs and personal welfare and to set boundaries for such decisions – effectively they afford you greater control of your future, should accident or illness deprive you of the capacity to handle your affairs personally.
The person to whom you assign power of attorney does not have to be a family member, it could be a close personal friend or family solicitor – the important thing is that you have complete trust in them.
Contact a Solicitor About Applying for Lasting Powers of Attorney
If you would like to find out more about LPA and Court of Protection Applications, or you would simply like to speak to a solicitor with extensive knowledge of wills, trusts and estate planning, contact Farleys on 0125 460 6090.