A Lasting Power of Attorney is a legal document that allows someone to make decisions for you, or act on your behalf, if you’re no longer able to, or if you no longer want to make your own decisions.
The most likely reason you would designate a Lasting Power of Attorney, is in case you find yourself in a position of lost capacity. But, It may be that you have a particularly busy lifestyle and would like someone to be able to sign documents on your behalf while you are out of the country.
So long as you are aged 18 or older and have the mental ability to make decisions for yourself surrounding your medical needs, finances, and property, you can assign someone to make these decisions on your behalf. This person would be known as the Attorney.
Why is it so important to have a Lasting Power of Attorney?
Life is unpredictable, tomorrow we could be involved in an accident that results in life-changing injuries. While this may not be the cheeriest topic, it’s important to be prepared for what life may throw our way.
Designating a Lasting Power of Attorney prepares you for what might happen in the future. The named agent can step into the shoes of the incapacitated person and make important financial decisions, instead of a Court. In many ways appointing a Lasting Power of Attorney works similarly to Writing a Will, and many of our clients decide to prepare both documents simultaneously.
It is important to remember that a person cannot authorise a Lasting Power of Attorney if they have already lost capacity, therefore it is important to put these measures in place sooner rather than later.
Who should I appoint?
We always recommend that our clients think carefully about who would be a suitable candidate. It should be someone you have known for some time; a good friend or family member you feel that you can trust.
You are able to appoint numerous Power of Attorneys if you wish. They can act jointly – where they must make all the decisions together. Or jointly and severally – where they would make some decisions together and some individually.
For example, you can appoint your Attorneys to act jointly with financial matters, but assign one person to make the decisions with regards to your medical needs.
How can I register a Lasting Power of Attorney?
Much like writing a Will, designating a Lasting Power of Attorney is something many people tend to put off. Registering a (LPA) is simple and straightforward – our team of Family Law Specialists can guide you through the process and answer any questions you may have.
Contact our friendly team by filling in our contact form, or give us a call on 0161 402 0213.