A lasting power of attorney is a document by which you can appoint people to act on your behalf and make decisions should you lose mental capacity. There are two types that can be entered into.
Health & Welfare LPA
A Health and Welfare LPA gives your attorneys the power to make decisions such as whether you should to go into a care home (if you are unable to decide yourself) it is a great comfort to know you have personally selected the people who will make such a decision, particularly if you trust some family members more than others to have your best interests at heart.
Your attorneys also have the power to make decisions with regard to medical treatment and other issues relating to your health and welfare. It is advised that anyone over the age of 18 make a lasting power of attorney for health and welfare but this becomes particularly relevant as we get older.
Property and Financial Affairs LPA
This type of Power of Attorney ensures your finances are looked after if you are unable to manage them personally. The document gives your attorneys the power to make important decisions regarding your finances and property and authorises them to speak to banks, insurance and pension companies. They will also be able to pay care fees and other bills.
The document can even be useful if you find yourself physically restricted, such as if you break a leg or have a stroke. In such a situation your mental capacity might be perfect but managing your life would be very difficult without attorneys to help you.
The benefit of appointing someone you trust to manage your finances is enormous. It gives you peace of mind that you will be looked after properly if you become ill and it considerably reduces the problems and anxiety your family will face in caring for you on a daily basis. .
“The Will produced will be in plain English and clearly sets out your wishes so that you can understand what your Will does!”