Lasting Power of Attorney
Having a Lasting Power of Attorney document written is the first step toward protecting your estate should you become incapacitated due to an accident that can happen at any time, or ill health in later life. It is as important, if not more so, than having a Will. Most people do not realize that a spouse cannot act for you unless you have made them your attorney in a Lasting Power of Attorney.
Many of us take out life insurance or critical illness cover to protect our loved ones should anything unexpected happen to affect our ability to earn. Yet few of us ensure that the money we have already earned is protected in such circumstances.
You should decide while in good health, who should manage your finances should you become unable to do so yourself. You can appoint people to act together or independently and you can appoint replacement people to act in case your original choices cannot. These people are called Attorneys.
Without such a document in place a person called a “deputy” is appointed by the Court of Protection to act for you. Each and every individual decision that is made on your behalf will attract a fee and follow a lengthy process. Your family will be left feeling isolated, out of control and certainly out of pocket.
This is a time when decisions need to be made quickly and efficiently with the minimum of distress, but sadly, this is when your family will be feeling at their most vulnerable, and will want these decisions to made with the minimum of external interference.
We can advise you on how to put such a document in place and we can act as your Certificate Provider enabling the document to be made professionally and according to the latest rules and regulations.