Lasting Powers of Attorney
Unfortunately, none of us can guarantee that we will remain physically and mentally capable for the rest of our lives. An incapacitating illness or accident could hit any of us without warning, at any time. And of course, the older we get, the more likely this is to happen. Have you ever wondered what would happen if you were unable to look after your property and affairs yourself? How would your family cope?
Few people realise that due to increasingly complex data protection legislation, no one else is usually allowed to deal with your assets and other matters.
By making a Lasting Power of Attorney (LPA) now, you can arrange to avoid leaving problems for those who would have to manage your affairs if you were unable to do so yourself. An LPA allows you to appoint one or more people whom you trust, together or separately, to act on your behalf in the event that you are unable to do so yourself. If you do not have an LPA, it may be that an application has to be made to the Court of Protection for a Deputy to be appointed and this is a complex, costly and time-consuming process.
By making an LPA you do not lose any control whatsoever over your affairs. You are merely taking a prudent step towards safeguarding against future problems for your loved ones and providing yourself with peace of mind. It also doesn’t have to be as costly as you might think and in most cases we will provide you with a fixed quote at the outset.
Please call or e-mail a member of the probate & estate administration team for more information.