If you came to this website on purpose, the chances are you understand how vital a will is to protect the people you love after you die. But something that can be equally as important is the ability to protect them if for whatever reason you lose the ability to make decisions yourself.
A lasting power of attorney (LPA) gives you the peace of mind of knowing that should this happen, you will have ensured that one or more people you trust can make decisions on your behalf based on your best interests and your wishes. We call these people attorneys.
There are two different types of LPA. These are:
1. Health and welfare. This allows your attorney to make lifestyle decisions such as where you should live and who you should live with. This also includes decisions about your health care.
2. Property and affairs. These are financial decisions such as control of your bank account or pensions and decisions based on any property you own.
You are not restricted to one attorney, and you can limit the types of decision your attorneys can make or the ways they can make them.
These are complicated decisions to make, and as with wills, it is important to talk about them now. Don’t put it off, do it now. Then get on with your life.
For a chat about LPAs, email or give us a call on 01635 298999.