Lasting Power of Attorney

Life is full of uncertainties, and none of us can predict when circumstances might arise that could affect our ability to make decisions for ourselves. That’s why it is crucial to take proactive steps now to safeguard your interests and ensure important decisions can be made for you, even if you become incapacitated. 

One powerful tool that empowers you and provides peace of mind is the Lasting Power of Attorney (LPA).

A lasting power of attorney is a legal document granting authority to trusted individuals, or attorneys, to make decisions on your behalf when you cannot. It lets you choose, as the donor who will manage your financial affairs, make crucial healthcare decisions, and safeguard your overall well-being. By creating an LPA, you retain control over your future, ensuring that your best interests are protected, your wishes are respected, and your loved ones are spared unnecessary burdens during challenging times.

Creating an LPA requires the donor to be mentally capable and able to understand the nature and implications of granting such powers, so it is advisable to create an LPA well in advance when the donor is in good health and able to make informed decisions.

There are two types of LPAs:

Having both types of lasting powers of attorney (LPAs) is essential to ensure comprehensive protection and representation of your interests in different areas of your life. While each LPA serves a specific purpose, combining both provides a solid and all-encompassing framework for decision-making on your behalf.

The property and financial affairs LPA grants your chosen attorney(s) authority to manage your financial matters. This ensures that your financial affairs are effectively managed and your assets are protected, especially if you become incapacitated or cannot handle these matters yourself.

On the other hand, the Health and Welfare LPA empowers your attorney(s) to make decisions regarding your healthcare, medical treatment, living arrangements, and personal welfare. This LPA covers essential aspects of your life related to your well-being and ensures that your preferences and wishes are honoured, even if you cannot make those decisions due to mental incapacity.

Financial and welfare decisions often intersect and impact each other. For instance, if you require long-term care, your attorneys need the authority to manage your finances to ensure sufficient funds are available for your care. By having both types of LPAs, you ensure complete coverage of both financial and welfare matters.

Having both types of LPAs is crucial to protect your interests, ensure your wishes are respected, and provide clarity and guidance for your loved ones during challenging times. The consequences can be significant if you don’t have both types of lasting power of attorney (LPA). Without a property and financial affairs LPA, your financial matters may be left unattended, leading to potential mismanagement of assets and financial difficulties. Without a health and welfare LPA, decisions about your healthcare and personal welfare may be made without any input from your loved ones or knowledge of your preferences. This lack of control can result in treatments or care arrangements that do not align with your wishes. Not having both types of LPAs can cause delays, legal complications, and family disputes, as loved ones may need to go through the court process to gain authority to manage your affairs.

At Wills & Wishes Legal, we specialise in offering expert, lasting power of attorney services tailored to your unique circumstances. We understand the importance of this crucial legal document and are dedicated to guiding you through the entire process with compassion, expertise, and efficiency.

Our Service Includes:

Consultation and Guidance 

Our knowledgeable advisors will provide an in-depth consultation to assess your specific needs, answer all your questions, and explain the intricacies of LPAs. We’ll ensure you clearly understand the process, the implications, and the benefits of creating an LPA.

Document Drafting 

We prepare all the necessary legal documents for your lasting power of attorney, ensuring your intentions are clearly outlined and every detail is accurately collected. We’ll work closely with you to ensure your LPA reflects your unique preferences and instructions.

Tailored Solutions 

We recognise that each individual’s circumstances are different. Whether you require an LPA for property and financial affairs, a health and welfare LPA, or both, we’ll customise our services to meet your specific requirements. We aim to provide you with a comprehensive solution that aligns with your values, wishes, and circumstances.

Support and Advice 

We’re committed to making the process as smooth and stress-free as possible. We are there to support you throughout the entire process. We’ll address any concerns and ensure you feel confident and empowered when making your decisions.

Registration Assistance 

Once your lasting power of attorney is drafted, we’ll deal with the registration process, ensuring all legal requirements are met. We’ll handle the administrative details, submit the necessary documents, and facilitate the registration to make your LPA legally effective. It’s a complete service from start to finish.

The lasting power of attorney (LPA) is an invaluable legal tool for securing your future and protecting your interests. But, you might be wondering exactly how much lasting power of attorney costs. 

Well, the cost of an LPA can vary based on several factors, including the complexity of your situation and the services required. However, at Wills & Wishes, we understand that affordability is a top concern for most. For this reason, we offer competitive pricing options designed to make the LPA accessible to everyone. Peace of mind shouldn’t come at an exorbitant price.

Investing in an LPA is an investment in your future well-being and the security of your loved ones. By acting now, you can avoid costly and time-consuming legal processes in the future.