Who needs to make lasting powers of attorney?
A lasting power of attorney (LPA) is a legal document that lets you choose trusted people to make financial, health and welfare decisions on your behalf. An LPA is most commonly used if you lose the mental capacity to understand and make decisions by yourself. There are many other reasons you may not be able to make decisions regarding your own affairs.
By putting a property and financial lasting power of attorney in place, your nominated attorney can:
- Open and close bank and building society accounts on your behalf.
- Continue to claim your benefits, pensions and allowances when you are unable to do so.
- Pay your household bills.
- Look after your investments.
- Buy or sell property on your behalf.
Your attorneys can act for you as soon as the LPA is registered or only in the event that you are no longer capable of making your own decisions.
By putting a health and welfare lasting power of attorney in place, your nominated attorney can:
- Give consent to healthcare.
- Refuse life sustaining treatment.
- Assist you in staying in your own home.
- Assist you into residential care.
- Make decisions with regard to your daily routine.
Unlike your property and Financial LPA, your attorneys can only make decisions when you do not have the mental capacity to do so yourself.
Who would look after your business if you were unable to?
There are all sorts of unexpected events that can happen which mean that you are unable to run your business effectively for short periods or maybe even long term. If you fall ill or suffer a loss of mobility, lose mental capacity or you are detained on a trip, making a business lasting power of attorney gives you the assurance that:
- Your business affairs can continue to be dealt with by a trusted nominee during this period.
- Your business is safeguarded against risk.
- Your suppliers and employees are paid on time.
How can Rawlinsons help?
You do not have to have complex health and care issues to make an LPA, it’s a way of planning for your care in case you cannot make decisions for yourself in the future.
We can make, end, or register an LPA for you. We will complete all the necessary paperwork, liaise with your attorneys to sign required documentation and deal with the registration directly with the Office of Public Guardian.