Our experienced team have a wealth of knowledge regarding Lasting Power of Attorney law and will be in a position to guide you through the process in a sensitive manner allowing you a deep understanding of the process.
We will assist both the Donor (i.e. you) and Attorney (the person you are appointing) in completing the paperwork, as well educating you to the legal ramifications of such an undertaking.
What is a Lasting Power of Attorney?
There are two differing forms of Lasting Power of Attorney (LPA):
- Property and Financial Affairs LPA: In this incident, the Donor chooses an Attorney whom they know and trust to make decisions regarding their assets, property or financial affairs. Your attorney will then be able to look after your property and financial affairs while you still have mental capacity, as well as in the possible event you lack the mental capacity. For example, it could be easier for you to give someone else the power to pay your bills or collect your state benefits or other forms of income.
- Health and Welfare LPA: In this case, the Attorney is able to decide regarding the Donor’s future health and welfare, should they lack the mental or physical capacity to make decisions.
LPAs and modern life
In an era where people are now living longer, the importance of LPAs has never been so great.
For instance, there has been a huge growth in the number of people in the UK living with dementia, and this is expected to grow.
Thousands of families in the UK each year endure bureaucratic nightmares because they were unprepared.
The Alzheimer’s Society has said that figures of dementia sufferers are expected to top a million in the next decade meaning publicity of LPAs needs to be highlighted by all responsible law firms.
It is also worth bearing in mind that currently, according to the Alzheimer’s Society, only 44 % of people with dementia in the UK are ever diagnosed.
Please remember though that we wish to emphasise that once a Lasting Power of Attorney is in place it does not mean the donor can no longer make decisions for themselves. They can continue as before, but the appointed attorney is there just in case.
Our legal team will advise you on which LPA is most appropriate for you, and guide you carefully through the whole process from start to finish.
Contact Keoghs, Nicholls, Lindsell & Harris LLP today to see how we can help you, or complete our online enquiry form.