It is surprising that 75 percent of people believe that their partners or close family members can automatically make decisions for them if they do not have the mental capacity to do so.
A Lasting Power of Attorney (LPA) enables you to choose and appoint attorneys who would then have the power to make decisions on your behalf in the event that you lose mental capacity.
A Lasting Powers of Attorney also give you the choice as to whether you would like your trusted attorneys to be able to use the LPA whilst you still have capacity, under your instruction. For example; If you are unable to get out to the shops to buy essentials, or unable to get into the bank to draw out or pay in money your attorneys would have the legal authority to do all of this for you as well as dealing with payment of bills etc. should you wish them to.
At Stephensons we understand that whilst some of our clients do have the requisite mental capacity to manage their own finances, they may not for mobility reasons or otherwise be able to physically visit the shops or banks. You might even simply be out of the country on holiday for periods of time.
There are many more benefits of making a Lasting Power of Attorney including:
- Asset protection
- Planning in advance
- Making sure the right decisions are made
- Assistance from trusted people in making your own decision
There are two types of LPA that can be put in place for both financial and health decisions. You can also add preferences or instructions that you would you’re your chosen attorneys to adhere to, contact us to discuss your wishes.
Our Wills and Probate team are happy to answer any questions regarding Lasting Powers of Attorney and can take instructions and prepare these documents at a distance without the need for an office appointment, meaning that there is no need for you to leave your home to complete the process of making your Lasting Power of Attorney.
Just contact our new business team on 0161 696 6229 or complete our online enquiry form and a member of the team will contact you to discuss your requirements.