The Importance Of Lasting Powers Of Attorney
Wills and Probate Solicitor, Megan Lovell discusses “The Importance Of Lasting Powers Of Attorney”…
There is a stigma surrounding LPAs. With many thinking they will only need a Lasting Power of Attorney (LPAs) in later life. However, it is important to be prepared if the unthinkable happens.
Since the Covid-19 pandemic the importance of LPAs has been highlighted by TV presenter Kate Garraway. Her husband was sadly in hospital after contracting Coronavirus and Kate spoke out about how hard it was to carry on with the finances without a Lasting Power of Attorney. This was because most accounts and household bills were in her husband’s sole name. In relation to any medical decisions she was not able to make any decisions on his behalf as being his ‘next of kin’ was simply not enough.
Being a next of kin does not provide a relative with any legal rights or official responsibilities to make decisions on someone’s care or treatment or in relation to financial decisions. Therefore, in order to ensure your loved ones can assist you it is important you make an LPA.
What Is A Lasting Power Of Attorney?
An LPA is a legal document which allows you to appoint someone you trust to become your Attorney. Allowing them to make decisions on your behalf if you become physically or mentally incapable of making your own decisions. It is possible to make a Lasting Power of Attorney in respect of Property and Finances and Health and Welfare, although the latter can only be used when you lack mental capacity.
An LPA is an important document which protects your future to ensure you get the necessary help when you need it whilst also making the process easier on those supporting you. At Timms we are always happy to talk you through your options when you want to make life easier for those close to you.
You can access our free leaflet on making a Lasting Power of Attorney here.
If you would like further information regarding LPAs please do not hesitate to contact me on 01283 214231 or via email at m.lovell@timms-law.com. Alternatively, visit the Lasting Power of Attorney page on our website here.
January 2022