Lasting Power of Attorneys

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What is a Lasting Power of Attorney?

This is having someone that you trust to step into your shoes if you are unable to manage your own affairs, after losing capacity. Strokes, Dementia, other illnesses  and accidents can cause you to lose capacity, making decisions nearly impossible.  

If you lose capacity, it can cost your family time, pressure  and thousands of pounds to try and gain control of your financial affairs.  By having LPAS it keeps third party interference out and allows someone you have selected as your attorney to make the decisions. 

There are 2 types of Lasting Power of Attorney; 

Property & Finance 

A property and financial affairs LPA allows the person you trust to handle your bank accounts, saving investments, bills, insurances and property affairs.

Bank accounts can be severely restricted or frozen which can have devastating impacts, especially if your property is jointly owned as it means that it cannot be sold or refinanced.

Health & Welfare 

A lasting power of attorney on the health and welfare is also very important as it allows you to choose the person or persons you trust to make your decisions about your health care and personal welfare. You can choose to include making decisions to refuse or to consent to treatment on your behalf and deciding where you live.