ARTICLES
Lasting Power of Attorney
As we know, every individual is unique and must be considered on a case-by-case basis, and all needs vary…
Being appointed as an Attorney is a privilege BUT can often be seen as a daunting task. So, let’s take a look at some of our advice and top tips for Attorneys…
When making your LPA, you have the option to include preferences and instructions.
So, what are the differences between preferences and instructions and what are some examples?
We are so passionate about the positive benefits that the Rubik’s Cube can have that we have committed to giving each of our clients a Rubik’s Cube when we have finished registering their Lasting Powers of Attorney, BUT WHY?
We all know that age is going to hit us hard at some point but that ‘point’ is way off in the future, right? Just looking at a few celebrities, we can see that an LPA may be needed a lot sooner than we would have hoped!
READ MORE…
Well, put simply if you don’t have a Lasting Power of Attorney in place and you lose capacity or are unable to make decisions for yourself (whether temporarily or on a more permanent basis) then you will need to have a Deputy appointed by the Court…as you can imagine, this is not a quick process nor is it cheap!
Getting a Lasting Power of Attorney (LPA) in place for your Health & Welfare and your Property & Financial affairs is SO important and can be a relatively stress-free and quick process but you will need a Certificate Provider…
we have set out below our FIVE top reasons for getting your LPAs in place. This is, of course, just the tip of the iceberg and there are many many more reasons but these should be enough to prompt you…
Now, Martin Lewis the Money Saving Expert has been in trouble with the press recently as he has said that LPAs are more importantly than Wills. This caused huge controversy and saw the expert having to justify himself over-and-over on social media.
If you were in the unfortunate situation where you had lost capacity, whether that be temporarily or on a permanent basis, who would you want to make decisions for you?
With so many applications made, it is clear that the importance of putting an LPA in place is recognised by many but why are so many applications not registered?
Not everyone understands the importance of having a Lasting Power of Attorney in place and until the time comes, when an LPA is required, many don’t know what they are needed for.
Everyone’s circumstances are different and so timing will be different for everyone. Everyone’s lives take different paths and at different ages and there is no one rule that will fit for all.
This will depend on how soon the diagnosis takes place and whether the individual that has been diagnosed has lucid or ‘good’ days and is still of sound mind.
There may be circumstances in which you are unable to make commercial decisions and if that should happen, have you considered what would happen to your business?