Planning for the future is not just about saving for retirement or drafting a will — it’s also about ensuring that your affairs can be managed if you are ever unable to make decisions for yourself.
One of the most effective legal tools available to do this is a lasting power of attorney service, which allows you to appoint someone you trust to make decisions on your behalf.
What Is a Lasting Power of Attorney?
A Lasting Power of Attorney (LPA) is a legal document that enables a person (the ‘donor’) to appoint one or more trusted individuals (known as ‘attorneys’) to manage their financial affairs and/or health and welfare matters should they lose the mental capacity to do so themselves.
There are two types of LPAs in the UK:
- Property and Financial Affairs LPA – Covers decisions such as managing bank accounts, paying bills, and selling property.
- Health and Welfare LPA – Covers decisions about medical care, living arrangements, and daily routine.
Both types of LPA must be set up while the donor still has the mental capacity to make their own decisions.
Why Use a Professional Lasting Power of Attorney Service?
Creating an LPA can be a complex and sensitive process, especially when considering the legal and emotional implications.
A professional lasting power of attorney service can help ensure that the document is correctly drafted, properly registered with the Office of the Public Guardian, and tailored to the donor’s specific wishes.
Here are a few key benefits of using a specialist service:
- Expert Guidance: Professionals understand the legal nuances and can guide you through each step of the process, avoiding costly mistakes.
- Peace of Mind: Knowing that your affairs will be handled by someone you trust, and that the LPA is legally sound, can be a huge relief for both you and your family.
- Tailored Advice: A bespoke service ensures your LPA reflects your unique circumstances and preferences, rather than a one-size-fits-all approach.
- Ongoing Support: Many providers offer continued assistance, especially if circumstances change or if the LPA needs to be activated.
Avoiding Common Pitfalls
Without expert assistance, LPAs can be incorrectly completed or rejected by the Office of the Public Guardian, delaying vital decision-making during a crisis.
In some cases, ambiguities in the LPA can lead to disputes among family members or even legal challenges. This is why it’s crucial to get it right from the start.
A Wise Investment for the Future
Although no one likes to imagine a time when they may lose the ability to make their own decisions, preparing for this possibility is a wise and responsible step.
By setting up an LPA, you retain control over who manages your affairs and how they are managed. It is an invaluable safeguard, and one that should not be overlooked.
For professional support with setting up an LPA, consider a reputable lasting power of attorney service to ensure everything is handled with care, accuracy, and compassion.