Lasting powers of attorney
Being unable to make financial or health decisions for yourself is not something any of us wants to face. However, accidents, sudden illness or age-related disease can result in a temporary or permanent loss of physical or mental capacity.
Making a Lasting Power of Attorney provides you with the reassurance that people you trust to look after or assist you, have the legal authority to do so.
Everyone knows that they should have a will in order to provide for their family and friends after they die.
But what happens if someone who is still alive is left unable to make decisions due to mental illness, physical infirmity or perhaps even an accident?
Making a Lasting Power of Attorney is a proactive step you can take to appoint an individual who can make decisions on your behalf. Whilst you can complete one without the help of a solicitor, it is important to understand both the benefits and the risks of having a Lasting Power of Attorney. Our expertise enables us to provide advice tailored to your circumstances, including directors who may need a business lasting power of attorney that covers only the business.
There are two types of Lasting Power of Attorney, one for financial affairs and one for health and welfare. Without a Lasting Power of Attorney, your family and friends may find it difficult to manage your affairs if you lose capacity and they may not know your wishes. They may need to apply to the Court of Protection for a deputyship order, which can be costly, time-consuming and the appointed deputy may not be a person you would choose to act on your behalf.
Find out more in our guide to Lasting Powers of Attorney.
You may also be interested in finding out about Living Wills or advance directives. A statement detailing what medical treatment you would not wish to receive should you lose mental capacity or the ability to communicate in the future.
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