Lasting Powers of Attorney

Lasting Powers of Attorney

What does it mean and why do you need them?

Sometimes, it might be necessary for somebody to make legal decisions on your behalf as a result of a loss in mental capacity.

We are often mistaken in thinking that mental capacity is only lost through illness such as Alzheimer’s or dementia.  However, it can also occur as a result of an accident or injury, especially for younger people.

If you lose mental capacity and have not nominated attorneys to act on your behalf, then your relatives will have to apply to the Court of Protection to nominate a Deputy to act for you.  This can be stressful, time consuming and expensive.

A Lasting Power of Attorney (LPA) is a legal document which enables a person aged over 18 and with all their mental faculties, to choose another person or people to make decisions on their behalf should their mental capacity be taken away later in life. The person making the choice of person is called the 'donor' and the person taking on the task of managing the donor's affairs is called the 'attorney'. An attorney must act in the best interests of the donor and make decisions as if they were the donor themselves.

Want to learn more about the duties of a LPA?

Visit the Gov.UK site here.

Confused Dog

The challenge

"I don't understand LPAs or how to go about writing one"

LPA documents can be very complicated and lengthy to write.

Furthermore, there are two types to consider:

  • health and welfare
  • property and financial affairs

You can choose to make one type or both.

The solution

Appoint Your Money Friend

Your Money Friend will take you through the process personally and will appoint a trained estate planning professional to draw up the documents on your behalf; at a fraction of the cost you might be expected to pay a Solicitor.

On completion, we will ensure they are signed, witnessed and registered with the Office of Public Guardian.

This does not have to be done by a solicitor!

 

High Five

Ready to get started or find out more? Book a call-back by completing our enquiry form.

Alternatively, you can contact us directly on:

Telephone: 07539 645514

Email: ted@yourmoneyfriend.co.uk