Lasting Powers of Attorney

What is a Lasting Power of Attorney?

Lasting Powers of Attorney (LPAs) are documents that give a person or people (your attorneys) power to make decisions on your behalf. This can be done if you are becoming sick, for example if you have been diagnosed with Alzheimer’s Disease, or in case of an unprecedented accident that might change your capacity to make decisions regarding your health or finances.

Property and Financial Affairs

In this LPA you name people to make decisions on your property and finances. Your attorneys can make decisions such as:

  • Buying and selling property.
  • Managing your bank accounts or investments.
  • Paying your mortgage, bills and rent.
  • Dealing with your tax affairs.

Health and Welfare

In this LPA you name people to make decisions about your health and care. Your attorneys can make decisions such as:

  • Where you live.
  • Arranging any day to day care.
  • Arranging your medical care.

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Why Assign a Lasting Power of Attorney?

If you lose the capacity to manage your own health and finances, your family don’t have the right to do this on your behalf. That’s why a Lasting Power of Attorney is vital; it protects you and your family from the process of needing to begin a court case in already distressing circumstances.

At Bespoke Wills & Trusts, we understand that this can be a difficult and emotional time, and by helping you through this process, we aim to:

Give You A Choice

You can choose to appoint a sole Power of Attorney or multiple, as well as replacements. We give you the choice to place restrictions on the decisions you make so you still have autonomy, even when it feels like you don’t. Your future and your decisions guide every part of the process.

Allow Flexibility in Your Future

In a Property and Financial Affairs LPA, you have a choice whether to allow your attorneys to be able to make decisions whilst you have capacity or only when you have lost capacity. This ability to allow attorneys to make decisions straight away can be critical if you have limited mobility or even if you are unable to make a decision due to a holiday or being in hospital.

Help You Plan Ahead

An LPA should be thought of as an insurance policy. Similar to how you would insure your home, car, or health, appointing an LPA will protect yourself and give peace of mind to your loved ones if the worst does happen.