A Lasting Power of Attorney (or LPA for short) can only be made while you still have the mentally capacity and understand the meaning and consequences of creating the document.
If you do not have a Lasting Power of Attorney in place nor have the capacity to handle your financial affairs or make decisions in respect of your health, your next of kin would have to make an application (known as a Deputyship Order) to the Court of Protection to allow them to act in your best interest. This is very expensive, and time consuming and can take up to one year to get put in place. While the Court of Protection is dealing with the application, your next of kin may not be able to deal with your financial affairs and/or make any decisions in regards to your health/welfare.
Peace of mind
Putting in place one or both types of LPA whilst you have capacity, can give you peace of mind that your affairs will be managed by someone you trust in the event that you are no longer able to make the relevant decisions yourself. It also provides peace of mind that your loved ones will be spared a lengthy court application should they need to take over your affairs at an already difficult time.
You can contact Natasha or Samantha on 01792 655822 or via email at firstname.lastname@example.org if you wish to discuss any of the matters considered above in more detail.
Graham Evans & Partners – Solicitors Moorgate House, 6 Christina Street, Swansea SA1 4EW
01792 655822 www.geplegal.co.uk
Graham Evans & Partners – “Your future is our business”