Most people are aware of the necessity of having a Will but how many people have thought about a Lasting Power of Attorney (LPA)?
There is the stigma that a Lasting Power of Attorney is for the elderly or for those who have dementia. But given that incapacity or serious illness can befall us at any time, the benefit of having an LPA in place is the same for us all. At the end of last year I had to arrange a Lasting Power of Attorney for my own husband who was only in his forties. This enabled us to discuss both our finances for the future and his care and treatment. His wishes were then carried out without the need for further questions or decisions and, as a couple, we were able to concentrate on the valuable time together we had left.
A Lasting Power of Attorney is protection and peace of mind for you and your loved ones when, and if, situations arise leading to diminished capacity which means it is extremely important to have one in place no matter how old you are.
There are two types of Lasting Power of Attorney, one for Property and Financial and one for Health and Welfare. Further information about what can be included in these legal documents can be found here.
If you have specific question relating to your own personal circumstances, please contact me, Diane Yarrow-Smith, and I will do my best to help answer your query, email [email protected], telephone 01473 298109.