Power of Attorney is an important and useful legal tool to have in place, especially as you get older. We’ll cut through the jargon and explain what the different types of Power of Attorney do in plain English.
Power of Attorney
Many of you may not be familiar with the term Lasting Power of Attorney but it is vital that you are. A Lasting Power of Attorney or LPA enables someone you trust (an Attorney ) to deal with your everyday affairs should you become incapacitated for any reason.
A Lasting Power of Attorney is an important legal document and sets out your wishes as to whom you wish to act for you should you become incapacitated for whatever reason in the future. It provides your attorney with the power to make important decisions on your behalf.
A person with early symptoms of Dementia can still make a Lasting Power of Attorney or LPA as long as they have full mental capacity and understand fully what the document is for and what they are approving.
If you draft your Lasting Power of Attorney or LPA yourself, it must be completed correctly, as mistakes are very costly.
Most of us will be familiar with this expression but how many of us have considered what it actually means. Whilst most of us are extremely organised and professional during our daily lives in the workplace with our finances, pensions etc all in place, …
A Lasting Power of Attorney is a legal document which allows someone you trust to make decisions on your behalf or act for you if you are no longer able to make them yourself or if you no longer wish to.