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Lasting Powers of Attorney

A Lasting Power of Attorney (LPA) allows your loved ones to take care of you and your finances if you become unable to do so yourself. Decide today not to put your loved ones in jeopardy and rest in peace knowing they have been left with the best possible security and support.

What is a Lasting Power of Attorney?

A Lasting Power of Attorney (LPA) in legal terms has now replaced Enduring Powers of Attorney. LPAs ensure that, should you be unable to manage your own affairs, the people you have appointed can manage your financial life on your behalf. An accident, stroke, brain injury or disease could strike at any time and have a profound impact on your ability to make their own decisions. This is why charities who care for the elderly recommend everyone plans ahead. An LPA will ensure if anything were to happen to you, your affairs can be handled correctly and quickly which can save a great deal of time and money. There are two types of Lasting Powers of Attorney these are as follows:-

1) Financial and Property Affairs Lasting Power of Attorney (LPA) allows your loved ones to deal with paying your bills, buying and selling your property and managing your bank accounts and investments. LPA for Property and Financial Affairs deals specifically with appointment of one or more people to manage your financial affairs if you are unable to do so. A LPA for Property and Financial Affairs gives the person you nominate the authority to act on your behalf in the financial matters you stipulate. These can include such things as accessing your bank account, paying bills and paying for your care. There are strict rules preventing your Attorneys from using your assets for anything other than your benefit.If you become temporarily or permanently incapacitated due to illness or senility, your Bank, Gas & Electricity Companies and organisations your loved ones may wish to purchase equipment from (e.g. special beds or chair lifts) to help you come home from hospital may ignore your partner or loved ones wishes unless they have your Lasting Power of Attorney for Property and Financial Affairs.

2) Health and Welfare Lasting Powers of Attorney (LPA) covers decisions about health and care and even deciding where you are to live. This can only be used if someone is incapable of dealing with such matters themselves A LPA for Health and Welfare deals specifically with appointment of one or more people to manage your care and medical treatment if you are unable to do so. This can include where you live, what you wear, the medical treatment you receive and if you are resuscitated or if you should be allowed to die. LPAs for Health and Welfare are also registered with the Office of the Public Guardian Government department. Therefore, they have the legally binding backing of the Government. A LPA for Health and Welfare gives the people you nominate the authority to make decisions in accordance with the wishes you have expressed to them and not the views of medical panels, social workers or care workers.

Do you need a Lasting Power of Attorney?

Without a Lasting Power of Attorney (LPA) for Property and Financial Affairs, your own Bank or Building Society may refuse your partner or your loved ones access to any monies held in your account. Even if you have joint bank, building society and business accounts, these can still be severely restricted if just one of the account holders loses mental capacity and there is no registered LPA in place. If you lose mental capacity without an LPA in place, the loved ones you leave behind must apply to the Court of Protection to have a deputy appointed to deal with financial matters. This is a slow and very expensive process, costing thousands or more and could even involve your home being repossessed or power supplies being disconnected from your home.

If you become temporarily or permanently ill without a Lasting Power of Attorney (LPA) for Health and Welfare it is possible that a medical panel or Social Workers will decide if you are allowed to leave Hospital, if you should be sent to a care home or if you are allowed to return to your own home. A LPA for Health and Welfare deals specifically with appointment of one or more people to manage your care and medical treatment if you are unable to do so. This can include where you live, what you wear, the medical treatment you receive and if you are resuscitated or if you should be allowed to die.

This is why in order to protect your loved ones and yourself it is important you have made a Lasting Power of Attorney for both Property & Financial Affairs and Health & Welfare which are registered with the Government's Office of Public Guardian.

Arrange a Quotation

Our clients have the flexibility of dealing with our Company by talking to us at our offices,
by telephone, post or in your home. Our contact details can be found below.
Westminster Trust
34 Clarence Street
Southend on Sea
Essex
SS1 1BD

Email:
Telephone: 01702 414 100
Facsimile: 01702 667 771
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