Lasting Powers of Attorney
Statistics show that 1 in 14 people over the age of 60 in the UK have dementia, and the number increases as we live longer (1 in 6 people over the age of 80). Cases in the UK are rising sharply and it is estimated that by 2025 there will be over 1 million people diagnosed with this debilitating disease…
The chances of needing someone to make decisions on our behalf as we get older are increasing, so it is important to know our options now.
A Lasting Power of Attorney (LPA) is a legal document that allows a person to appoint someone they know and trust to make decisions on their behalf should they become unable to do so in the future. It allows them to choose the decisions they want to be made on their behalf, the people they want to make these decisions and how they want those people to make these decisions. There are two types of LPA:-
- Health and Welfare – This can range from simple day to day decisions all the way up to consenting to or refusing life sustaining treatment decisions. This LPA can only be used once the donor (the person making the LPA) lacks mental capacity.
- Property and Financial Affairs – This can include paying bills, managing bank accounts, collecting benefits, selling property or managing investments. Unlike a Health and Welfare LPA, this type can be used as soon as registered with the OPG.
Of course it is not just dementia that can lose us our abilities to make informed choices. Tragically, life changing accidents happen every day. It really is never too early or too late to start planning our future and ensuring that we are being looked after by the people we would want and trust.
LPA’s at Legal Tips cost £100. Our qualified legal advisors will go through each stage, step by step to ensure that your wishes are fully met. For more information, take a look at our LPA section on the website, or contact us if you have a query or want to get started.
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