Lasting Power of Attorney...
When writing a Will, you may come across the term ‘lasting power of attorney’. Essentially, this is a way of giving someone you trust the legal authority for making decisions on your behalf should you lose mental capacity in the future. For many people, it’s always best to be prepared and it’s not an easy task to consider a time when you might be unable to make your own decisions.
However, among the reasons for needing a power of attorney will include:
You may, for example, be going into hospital and need help with things such as paying bills.
Or, you may need to make long-term healthcare plans, for example being diagnosed with dementia which may lead to you losing mental capacity for making decisions.
You could be involved in an accident laving you without capacity to make your own decisions.
Essentially, while there are different types of power of attorney, the issue for lasting power of attorney will cover those decisions about your health, financial affairs and potentially your future care. Having lasting power of attorney in place will ensure that all future issues will be covered by you.
Finance & Property Lasting Power of Attorney...
When it comes to writing your will, there may be a question of having a ‘lasting power of attorney’ (LPA). This is a legal document that enables you to appoint one or even more people, they are known as attorneys, to help you make decisions or even to make decisions on your behalf.
One aim of this document is to give you more control over what happens to you should you have a serious illness or an accident and are unable to make your own decision; called ‘lack mental capacity’.
There are two types of LPA; one is for health and welfare, which is dealt with elsewhere, and one is for property and financial affairs.
If you are interested in property and financial affairs lasting power of attorney then this enables someone you trust to make decisions on your behalf about property and money.
This means, for example, your attorney can:
Pay your bills
Collect your pension or benefits
Manage your building society or bank account
Sell your home.
With your permission, a lasting power of attorney can be used as soon as it has been registered. For more information about the lasting power of attorney, contact the Will Writers Group.
Health & Welfare Lasting Power of Attorney...
For anyone interested in lasting power of attorney, then you need to appreciate this is a legal document that will let you appoint one or more people to make decisions on your behalf or help you make those decisions. Those people you appoint are known as attorneys.
It’s also important to have lasting power of attorney because this will give you more control over what might happen should you have an accident or an illness and cannot make decisions, you may ‘lack mental capacity’.
There are two types of lasting power of attorney in the UK. The first is for property and financial affairs and the other is for health and welfare. You are able to make one type or even both.
For the health and welfare lasting power of attorney this will enable the attorney to make decisions such as:
Your medical care
Your daily routine, for example dressing, washing and eating
You having to move into a care home
You receiving life sustaining treatment.
It’s important to appreciate that the health and welfare lasting power of attorney can only be used when you are unable to make your own decisions and the team at the Will Writers Group have more information.