What is a Lasting Power of Attorney (LPA)
A Lasting Power of Attorney is a document that is legally binding, and that is drawn up by one person in the event that something should happen to them. In this event, they want to make sure that their property and their welfare is going to be taken care of in the best way possible. They will appoint a person in their life to have sole control over things like their medical decisions and their finances. There are a few reasons why you might want to have one of these drawn up.
Many medical conditions can cause someone to become incapacitated to the point that they will need someone else to make the decisions for them. Diseases like Alzheimer’s, which affects 1 million people in the UK alone, can cause people to forget all about the details in their lives. Having an LPA set up will help protect them and their assets.
There are some instances, like living out of the country for long stretches of time that could also benefit from having an LPA set up. This reason falls more in the finance category, as sometimes you cannot physically be somewhere to sign papers, invest money, or anything else that would need your presence there to happen. If you set up an LPA that allows someone to take care of those things for you, you can still live your active life while that person takes care of business and makes some decisions for you.
It is true that getting an LPA drawn up is planning in advance for something that may not happen to you, but that doesn’t mean that you cannot be prepared. It is necessary to have if you want your loved ones to have an easier time should anything happen. Without one, the court process is long and grueling, not to mention expensive, just for them to have a say in what happens with your estate.
Setting up your Lasting Power of Attorney is a breeze when you hire a professional company to help you out. The Will Associates are a team of over 250 nationwide consultants who can help you get all of the documents taken care of that you need to. They will even come to your house and help you draw up everything if you cannot make it into the office. With their team of dedicated professionals, you will soon have all of your legal papers filed in no time at all. It is a great way of reducing the stress in your life.
For any additional information contact The Will Associates today by calling us on 0800 9500 700 to arrange as free, no obligation consultation at a time convenient to you and your loved ones, in the comfort of your own home.