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A Lasting Power of Attorney (LPA) is separate from a Will. If you are unable to deal with your own financial affairs, because of physical or mental impairment, someone will need to act on your behalf. By creating an LPA in advance, appointed people (known as Attorneys) are granted powers to act.
Not having an LPA could mean substantial financial hardship for you and your family in the future. The Court of Protection would need to approve a Deputy which can take much longer and be far more costly than appointing an Attorney in advance. A Lasting Power of Attorney (Property & Affairs) can cover:
Lasting Power of Attorney (Health and Welfare) can include:
To talk to a Foresight advisor or make an appointment please call 01603 268080 or email email@example.com.