Have you thought about what would happen if you were unable to make decisions about your property and finances or your health and welfare?
Unfortunately, we don’t know what is around the corner, and none of us can guarantee our physical health or mental capacity for the rest of our lives.
An incapacitating illness, accident or otherwise could happen to anyone, at any time, without warning.
The older we get the more likely it may be to suffer from illness, immobility or falls. However, Lasting Powers of Attorney are not just for the elderly and can assist in cases of sporting accidents, sudden heart attacks and many other situations.
A Lasting Power of Attorney is a legal document that allows you to appoint trusted individuals to manage your property and finances and health and welfare matters. These documents are largely to assist if you became incapacitated mentally. However, in terms of the Property and Financial document, your attorneys can use the document to manage your affairs with your consent. This means it can be used if you travel extensively overseas, suffer from mobility problems, or simply want some of the stress taken away from the management of your property or finances in your day-to-day life.
Putting a Lasting Power of Attorney in place offers security and peace of mind to you and your loved ones and enables you to put in place a contingency plan. Our specialists often say these documents are a bit like an insurance policy.
Without a Lasting Power of Attorney, your loved ones may find it difficult to manage your affairs and may need to apply to the Court of Protection for permission to manage your property and finances, which can take a long time, and be expensive.
Lasting Power of Attorney Specialists