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Why you should have a Lasting Power of Attorney (LPA)



When family and friends are getting older, you might have thought about setting up LPAs for them. But have you got one in place for yourself?

 

People do not set up an insurance policy thinking they will need to claim. It is the same with LPAs. You hope you will never need one, but they are invaluable if you ever do. The purpose of an LPA is that someone you trust can be provided with the legal framework to make key decisions for you if you no longer have capacity to do so yourself. You might think that this would only ever be needed if you got dementia later in life, but accidents do happen and illnesses other than late onset dementia can affect your mental capacity. Once you have lost capacity it is then too late to set up an LPA so the only option would be to apply to the Court of Protection. This can be both costly and time consuming and far more stressful for your loved ones.

 

There are two types of LPA. One concerns your health and welfare and the other is for financial matters.

       

If you want to discuss this with us, please do not hesitate to get in touch.

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