What If I Am Unable to Manage My Affairs?
Although it is not pleasant to think about, there may come a time when we are unable to manage our own affairs. It could be that we no longer have the mental capacity to do so, or it may be that something has happened that means we cannot communicate our wishes.
Lasting Powers of Attorney (LPA) are essential legal documents which appoint people that YOU choose who can act as your voice, and make decisions on your behalf in the event that you are unable to do so yourself in the future.
In the event that you are unable to make or communicate your own decisions in the future, this planning will have removed significant stress, costs and time delays to your family at a very difficult and distressing time.
Power of Attorney needs to be put in place in advance whilst you have mental capacity.
There are two types of LPAs and we would always recommend that you consider having both in place.
A Property and Financial Affairs LPA
This deals with your property and other assets. You choose who you wish to make your financial decisions and how you’d like your finances and assets to be managed.
A Health and Welfare LPA
This deals with your healthcare and medical treatment. This appoints who you want to act as your ‘advocate’ and to be involved in medical and health decisions. You can choose whether or not you want your Attorneys to have the power to be involved in making ‘end of life decisions’ and give them guidance as to your wishes.