Bright Solicitors recommend that in addition to making a Will, making a Lasting Power of Attorney is just as important when planning for your future. Losing mental capacity and being unable to make your own decisions is something that we all hope will not happen to us. But for many people it will and this may be due to an unexpected car accident, injury at work, disability, stroke or the onset of an illness such as Alzheimer’s disease or dementia.
What is a Lasting Power of Attorney?
A Lasting Power of Attorney (LPA) is a legal document whereby you appoint Attorneys to look after your affairs and to make decisions on your behalf should you become unable to do so.
Why make a Lasting Power of Attorney with Bright Solicitors?
LPAs can safeguard your future and that of your business. There are two different types of LPA, one dealing with your Property and Financial Affairs and the other with Health and Welfare issues.
Did you know that…..
- Your spouse/children do not have an automatic right to manage your affairs if you lose the capacity to do so. They will not be able to sell or purchase property on your behalf, manage your bank accounts and investments or continue the running of your business.
- Your spouse/children do not have authority to make decisions about your health and care if you lack capacity to do so yourself.
- If you lose capacity, any joint account that you hold with your spouse or another can be frozen by your bank.
- If you do not have an LPA and you lose capacity it will be necessary for someone to apply to the Court of Protection to be appointed as your Deputy to manage your affairs, which is a lengthy and expensive procedure?
These issues can be avoided by putting LPAs in place and the crucial thing is to set them up while you are still mentally capable, well in advance of when they may need to be used.
At Bright Solicitors, we believe that the whole process should be as easy as possible and we will:
- Explain and give advice on all aspects of LPAs including the duties and responsibilities of all of the people involved.
- Complete all of the forms and paperwork and deal with the registration of the LPAs at the Office of the Public Guardian.
- Act as a professional certificate provider for no additional charge.
We apply a fixed fee for the preparation and registration of LPAs so that there are no hidden charges.
Read our article to find out more about Lasting Powers of Attorney.