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Lasting Power of Attorney

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:

  • How your finances and property are managed;
  • How your bills would be paid if you were unable to do this i.e. physically incapacitated or out of the country for long periods of time;
  • How your assets would be dealt with i.e. selling your house to move to residential care.

Lasting Power of Attorney (Health and Welfare) can include:

  • Giving or refusing consent to particular types of health care, including medical treatment decisions; Or
  • Deciding whether you continue to live in your own home or whether residential care would be more appropriate for you.

To talk to a Foresight advisor or make an appointment please call 01603 268080 or email info@foresightwills.co.uk.