Why sign a lasting power of attorney

Signing a Lasting Power of Attorney (LPA) is an important legal step that allows you to appoint someone you trust to make decisions on your behalf if you become unable to do so in the future. Here are some key reasons why signing an LPA can be beneficial:

  1. Decision-making control: By signing an LPA, you retain control over who will make important decisions on your behalf if you are unable to make them yourself. You can choose a trusted family member, friend, or professional as your attorney, ensuring that your wishes and best interests are represented.
  2. Planning for incapacity: Life is unpredictable, and there may come a time when you are unable to manage your own affairs due to illness, disability, or cognitive impairment. By signing an LPA in advance, you proactively plan for such situations and ensure that someone you trust is legally authorized to handle your financial, property, and healthcare matters.
  3. Avoiding court intervention: Without an LPA in place, if you lose mental capacity and cannot make decisions, your loved ones may need to apply to the court for a Deputyship Order. This process can be time-consuming, expensive, and emotionally challenging. By signing an LPA, you can avoid court intervention and empower your chosen attorney to act on your behalf without the need for legal proceedings.
  4. Tailored decision-making: LPAs offer flexibility, allowing you to specify the scope of decision-making authority granted to your attorney. You can outline specific instructions, restrictions, or preferences regarding your finances, property, healthcare, and personal welfare, ensuring that your attorney understands your wishes and acts accordingly.
  5. Peace of mind: Having an LPA in place provides peace of mind, knowing that you have taken steps to protect your interests and have a trusted individual ready to act on your behalf. It alleviates the burden on your loved ones by clarifying your wishes and streamlining decision-making processes during challenging times.

It’s important to consult with a legal professional when creating an LPA, as they can guide you through the process, ensure that the documents are properly prepared and executed, and help you understand the legal implications involved.

Katherine Oakes is able to offer as free initial meeting to discuss your affairs.

Please note that the information provided is for guidance purposes only and should not be construed as legal advice.

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Private Client Paralegal

Jackie Wood
Jackie Wood