Friday, 12 September 2014

What you need to know about - Lasting Power of Attorney

When people become unable to look after their own affairs, they generally want those closest to them to look after their affairs on their behalf. People often assume that this is an automatic right, even if they, for example, have savings or investments in their sole name. But this is not necessarily the case and where no representatives (attorneys) are pre-appointed, your family may have to apply to the Court of Protection for access to your assets. Sometimes the court will appoint a court official instead of a persons’ relatives.

So what is the solution?

A Lasting Power of Attorney is a legal document that lets you (the ‘donor’) appoint people (known as ‘attorneys’) to make decisions on your behalf should you become unable to make your own. There are 2 types of lasting power of attorney

Health and Welfare

Lasting Power of AttorneyThis allows you to choose attorneys to make decisions about things like

*             daily routine
*             medical care
*             moving into a care home
*             life sustaining treatment.

Property & Financial Affairs

This lets you chose attorneys to make decisions about money and property eg;

*             paying bills,
*             running your bank accounts
*             selling your home

This type of lasting power of attorney can be used as soon as it is registered, with the your permission

You may choose to make one type or both. In order to do so they must be over the age of 18 and have mental capacity.

Require more information? No problem, we can provide more detail on the services we offer and our low fixed fees - call Will & Probate Services - 01778 382723. See our dedicated LPA website for more in depth information 

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