Everyone, young or old, should consider preparing a Lasting Power of Attorney (LPA).
There are two different types of LPA - one makes provision for your property and financial affairs and the other your health and welfare.
Having an LPA means that in the event of physical or mental incapacity your affairs can be dealt with without delay and with minimal expense. It enables you to decide:-
• the people you trust to deal with all your property and finances and decisions concerning your health and welfare (your Attorney's)
• who should have responsibility to manage your finances
• when the document comes into effect by providing specific safeguards
• whether special instructions are included in the document
• whether to restrict your Attorneys’ authority
• if your Attorneys should act jointly or on their own
An LPA must be made whilst a person has sufficient mental capacity. In the event that an LPA cannot be made there is an alternative known as 'Deputyship' (details of this procedure are included under the heading “Advising Vulnerable Individuals”)
We offer the services of solicitors as attorneys where professional management of a client's affairs is desired.
Details of our fees for preparing and registering these documents on your behalf are included on our fee scale. If you would like to learn more, contact a member of our team who will be pleased to discuss how we can assist you.
If you would like to learn more please contact a member of the Private Client Team who will be pleased to discuss how we can assist you.