If you are wondering whether you need a lasting power of attorney (LPA), then read this free guide that explains why you should organise one, regardless of how old you are.
An LPA for property and financial affairs decisions can cover:
Buying and selling propertyPaying the mortgageInvesting moneyPaying billsArranging repairs to property
Without an LPA in place, there is no one with the legal authority to manage your affairs, for example, to access bank accounts or investments in your name or sell your property on your behalf. Unfortunately, many people assume that their spouse, partner or children will just be able to take care of things, but the reality is that this simply isn’t the case. In these circumstances, in order for someone to obtain legal authority over your affairs, that person would need to apply to the Court of Protection, and the Court will decide on the person to be appointed to manage your affairs.
TIME TO GET YOUR AFFAIRS IN ORDER?
It’s not easy to think about a time when you won’t be able to make your own decisions, but it can help to be prepared. Getting your affairs in order can be carried out at many different stages of life and is sometimes motivated by a range of very sensitive personal reasons.
WHAT IF SOMETHING HAPPENS TO INCAPACITATE YOU DURING YOUR LIFETIME?
Protecting your interests and easing the burden on your loved ones is not just about making a Will. Wills deal with distribution of your assets on your death, but what if something happens to incapacitate you during your lifetime, whether temporarily or permanently? Finding answers can be hard –please contact us for more information.
if you want to find out more then download of free LPA guide. If you wish to discuss your options then arrange a free, no-obligation call with one of our advisers today.