Lasting Powers of Attorney
It’s not nice to think about, but it can happen at any moment. If you were unable to make decisions for yourself any more, a lasting power of attorney provides ease and peace of mind when it comes to having access and powers to act on your behalf in making decisions that are in your best interest.
Our private client team in Birmingham and Nottingham can assist you in ensuring that both you and your loved ones stay in control of your affairs no matter what happens.
A Lasting Powers of Attorney (LPA) is an important document that makes up part of a comprehensive life folder, safeguarding both their interests as well as the interests of their loved ones and business, if appropriate. In an LPA, you are able to appoint one or more people (attorneys) to act on your behalf, should you be in a position where you are unable to make decisions for yourself.
With a property and financial affairs LPA, the document would outline who is able to make decisions in regards to your finances and your property. A health & welfare LPA can appoint someone to make decisions for you in terms of medication and make decisions in hospital.
It is important to have an LPA in place if you have assets or property in your sole name. Should you become unable to deal with your affairs, your family would be unable to do so without an LPA in place, as your assets will be frozen and someone needing to apply to the Court to be your Deputy.
Court Deputyship is a more expensive route, taking up to six months, meaning delays to bill payments and potentially meaning your family being unable to make medical decisions for you.