Lasting Power of Attorney

Who do you want to make your decisions in the event that you can't?

Lasting Power of Attorney

Who do you want to make your decisions in the event that you can't?

Why should I make a Lasting Power of Attorney (LPA)?

No one wants to think about becoming incapable of making their own decisions through illness or accident. But it happens to people of all ages. Many people think that if something happens to them in the future and they can’t make their own decisions about issues such as finances, property, healthcare or personal care, for example, their family or friends can simply take over. It isn’t true.

Just as you need to make a will to determine what will happen to your assets when you die, you need to put a Lasting Power of Attorney (LPA) in place if you want to make the decision yourself as to what will happen to you if you lose mental capacity. It allows you to plan ahead to make sure that all your wishes are respected, no matter what happens.

2 Types of Power of Attorney

There are two types of Power of Attorney to deal with different aspects of your life – ‘Health and Welfare’ and ‘Property and Financial Affairs’. You can choose to make one type or both. They are legal written documents that allow someone else to make decisions or take action on your behalf. This person is called your Attorney and you decide the most appropriate person(s) to hold this authority. You also decide exactly what they’re authorised to do and under what circumstances.

What are the benefits of having a Lasting Power of Attorney?

  • The reassurance of knowing that all your affairs are taken care of as you would wish
  • Protecting your loved ones from any unnecessary stress and from needing to apply for, pay for and maintain a deputyship
  • Planning ahead for the future with confidence

Why use The Financial Detectives to help?

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