A Lasting Power of Attorney in legal terms has now replaced Enduring Powers of Attorney.
There are two types of Lasting Powers of Attorney (LPA) these are as follows:-
Lasting Powers of Attorney 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.
Lasting Powers of Attorney 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.
Without a Lasting Power of Attorney 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. They are likely to require the Court to appoint a Deputy who decides how your money is spent. This can be a very distressing, expensive and potentially lengthy process which could involve your home being repossessed or your power supplies being disconnected from your home.
A Lasting Power of Attorney 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.
Lasting Powers of Attorney 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.
Lasting Powers of Attorney 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.
If you become temporarily or permanently ill without a Lasting Power of Attorney 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.
If you are over 50 years of age 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.
We provide professionally drafted and fully insured Lasting Power of Attorney for Property and Financial Affairs for only £225 or £295 for couples.
However, if you purchase either of our Standard Death Planning, Total Lifetime Planning or Inheritance Tax Planning Package you will receive a free Lasting Power of Attorney Property and Financial Affairs.
We provide professionally drafted and fully insured Lasting Power of Attorney for Health and Welfare at very reasonable prices.
However, if you purchase either of our Standard Death Planning, Total Lifetime Planning or Inheritance Tax Planning Package you will receive a free Lasting Power of Attorney Health and Welfare.
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