Lasting Power of Attorney ( LPA )
For when you can no longer manage your financial affairs.
An accident, or even the onset of mental illness, may make the everyday routine of buying and selling a house, paying your bills, managing a budget and making financial decisions difficult and stressful, if not impossible.
By completing a Lasting Power of Attorney you can ensure that if this should ever happen to you, the person you choose to be your representative ( your Attorney ) will be able to look after your affairs. Freinds, family not even your spouse have the automatic right to take over.
The LPA has been created to ensure that while you are still of sound mind you can appoint someone you trust to manage your affairs.
A LPA is a legal document granting to a named person or persons the authority to act on your behalf, subject to certain important conditions and safeguards. A LPA will continue in force till death.
Without a LPA the court of protection will appoint a reciever to act on your behalf. This process is lengthy and expensive.
With a LPA in place there would be no court of protection charges or solicitors fees payable and no annual fees charged by the court ( a minimal fee applies to register your LPA )
The LPA does not restrict your rights to go on looking after your own affairs so long as you feel capable of doing so.
practicing member of the Will Writers Guild : membership No 2501101
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Lasting Power of Attorney
