What is a Lasting Power of Attorney (LPA)?

What is a Lasting Power of Attorney (LPA)?

What is a Lasting Power of Attorney (LPA)?

What is a Lasting Power of Attorney? Don't worry, let us break it down nice and simply for you.

  • A Lasting Power of Attorney is a legal document giving the person or persons you trust (your Attorneys) the authority to make decisions on your behalf, should you become incapable of making such decisions yourself.
  • A Lasting Power of Attorney is prepared at a time when you are capable of making your own decisions.
According to the Alzheimer's Society there are around 800,000 people in the UK diagnosed with dementia. 1 in 3 people over the age of 65 will develop dementia, with two-thirds of those diagnosed with dementia being women. Source: http://www.nhs.uk/conditions/dementia

The number of people diagnosed with dementia is increasing because people are living longer. It is estimated that by 2021, the number of people diagnosed with dementia in the UK will have increased to around about 1 million.

What would my Attorney actually do?

There are two different types of Lasting Power of Attorney, as follows:

Property and financial affairs

This Lasting Power of Attorney allows your Attorney(s) to deal with the property and financial affairs:

  • Purchasing and selling of property.
  • Making mortgage payments.
  • Making investments.
  • Paying your bills.
  • Arranging maintenance on property.

Personal welfare

This Lasting Power of Attorney covers decisions about health and care - Even deciding where someone is to live. This can only be used if someone is incapable of dealing with such matters themselves:

  • Making decisions on where you should reside.
  • Your medical care.
  • Lifestyle choices i.e. what you eat.
  • What kind of social activities you should partake in.

Would you rather take control of your future personal welfare and make the choice yourself, instead of leaving it to chance?

Don't forget you can restrict or specify the types of decisions your Attorney(s) can make or alternatively you can allow them to make all decisions on your behalf.

A Lasting Power of Attorney will give you peace of mind, because you'll know that your Attorney(s) you have instructed them to make the correct decisions.

Our trained consultants can discuss your current circumstances and recommend the products that will provide the correct protection for you, your family and your assets. For peace of mind contact the Will Associates today and get your free information pack today or call us on 01630 436004 to arrange a free appointment with one of our trained consultants, at a time convenient to you and your family in the comfort of your own home.