Millions of Brits haven’t named or don’t own a Power of Attorney. Whilst it isn’t necessarily a common topic to discuss, it’s vitally important we have one in place.
It’s a sad fact that at some point in our lives, many of us will require assistance and care if we are unable to make day-to-day decisions. It’s devastating how age and medical conditions can cause such an impact on an individuals life, but with a Lasting Power of Attorney, it puts you one step ahead at all times.
A Power of Attorney is a legal document which empowers someone you trust, perhaps a family member or friend, with the ability to manage your finances and property and make decisions on your behalf if you’re no longer able to do so. These decisions include medical care, retirement homes and life-sustaining treatment.
Life is unpredictable. You never know how your mental and physical capacity is going to cope in the upcoming years, and it’s not something people particularly like to think about. Unfortunately, however, it does happen and a Power of Attorney provides some sort of insurance and security for you and your family.
The most common situations for where a Power of Attorney is mostly associated with is people with old age and/or mind-affecting conditions such as Dementia and Alzheimers. Although saying this, there are many occasions where the younger generation has benefited from an LPA due to unforeseen accidents and illnesses. As a result of this, it would be nice to be able to make your wishes and communicate them whilst you still can, so you no longer have to worry!
In addition to this, a Power of Attorney could also be an essential clause to your financial plan – putting in security measures to ensure your plan stays on track, even if someone has to take over the plan for you. Your friend or family member with the ‘empowerment’ or responsibility of taking care of your property and finances, this type of Power of Attorney allows this individual to manage your bank accounts, pay bills and collect your pension for you.
You may think this is a heavy authority to give to one person who has a life of their own to live, but leading firms like us are there to ensure your loved ones are also supported as well as you. If a Power of Attorney hasn’t been in place, it can be an especially difficult and time-consuming situation to go through the Court of Protection to act on your behalf.
That’s why at Lifetime Solicitors, your family is our priority. We want to ensure your wishes are granted and your loved ones are well supported during this difficult and potentially pressurising time. Our aim is to take the pressure off of your loved one’s shoulders and help them safeguard your future.
Get in touch with Lifetime Solicitors today on 0333 241 7675 or discover our website for more information on our services.