Lasting powers of attorney – usually shortened to LPA - give you control over what happens if accident, illness or old age prevent you from being sound of mind enough to look after your wellbeing or your financial affairs. It’s a legal document that involves electing one person or more than one person to take charge of these important elements of your life.
We specialise in three types of lasting powers of attorney - property and financial affairs, health and welfare and business.
Property & Financial Affairs
This LPA deals with financial aspects such as bank accounts, investments, pensions, and any governmental benefits in play. It’s especially useful if, for example, you needed to close a bank account, or sell a property to pay for care or outstanding bills.
Health & Welfare
This LPA relates to decisions around your physical and mental wellbeing – everything from dietary needs, to helping with everyday activities, and communicating needs to health professionals.
While we can advise on both types of LPA individually, it’s always preferable to be covered by putting both in place.
A tailored business LPA is also something that we have considerable experience in advising in and drafting. It’s a legal document that appoints specific individuals, such as a business partner, to continue running your business if you’re unable to make these decisions. Something that’s especially important if your family relies on the income the business generates.
Our Wills, Trusts and Probate team are often appointed alongside family members to act transparently and tactfully, putting the wishes and best interests of the ‘donor’ – the person appointing attorneys – at the centre of every decision.
Creating a Will during lockdown
Creating a Will does not have to be a longwinded process and is something we are able to offer remotely, respecting the need for social distancing at this time.