Also known as an LPA, a Lasting Power of Attorney is a legal framework which allows third parties to act on your behalf when needed.
Here are some examples of where an LPA becomes essential.
You lose mental capacity and need someone to manage your finances
You lose mental capacity and need some to make decisions in relation to your heath, medicine, or your care
You have a long term illness and need someone to handle the finances of your business
You need someone to act on your behalf for a property sale
There are many instances where an LPA is a very useful, legal tool to handle your affairs and can include a health and welfare clause as well.
Even in a marriage things aren't always straightforward and access to a partner's bank account for example, may be impossible even though the funds are needed for household outgoings or your partner's care.
Creating an LPA solves all of these issues and is a simple but legal process which is registered at the Office of the Public Guardian.
For help and advice regarding an LPA give us a call on: