It is important to prepare for the future and appoint a trusted individual to make decisions on your behalf, in case you are not able to do so in the future. A lasting power of attorney (LPA) is a legal document which enables you to give another person (‘your attorney’) authority to make certain decisions on your behalf.
Drawing up a lasting power of attorney gives you the opportunity to decide who you would like to do this. It also allows you to include any particular wishes or restrictions.
You can choose to draw up a property and financial affairs lasting power of attorney, a health and welfare lasting power of attorney, or both.
Your attorneys will only make decisions on your behalf if you want them to or if you lose capacity and you need them.
Our solicitors in Newbury, Thatcham and Maidenhead are here to support you and provide peace of mind regarding your estate planning. They offer a free 30 minute initial consultation for new and existing clients when drawing up a power of attorney. You can make an enquiry using our live chat, website form below or by contacting our team directly.
If you should ever lack capacity it may be necessary for an application to be made to the Court of Protection. They court can then appoint a suitable person to manage your affairs, known as a deputy. This is both costly and time consuming. The person who applies on your behalf might not be the person who you want to act for you. It may also mean that your wishes are not carried out. To avoid this and any potential disputes, you should draw up a power of attorney to appoint someone to make these decisions on your behalf with your wishes and restrictions conveyed.
If the person who needs an attorney lacks mental capacity to make a lasting power of attorney, then we can help with an application to the Court of Protection for a Deputy to be appointed.
To discuss drawing up a lasting power of attorney or to find out more information please contact one of our inheritance protection team below.