Monday, June 24, 2024

Lasting Power of Attorney

by Handy Mag
Published: Updated:

by Richardson’s Wills

Why do I need a Lasting Power of Attorney?

While writing a will is a preparation for the inevitable, a Lasting Power of Attorney provides a more general safety net for you and your loved ones.

In situations where you’re no longer capable of making your own decisions due to loss of mental or physical capacity, a Lasting Power of Attorney entrusts your affairs with the person who is best placed to make important choices on your behalf.

Nominating a family member or friend in this capacity means that you maintain control of who manages your financial affairs, your housing, your social needs and your welfare.

What happens if I don’t have one?

Without Lasting Power of Attorney, your family will need to spend time and money on applying for a deputyship via the Court of Protection. In the meantime, your affairs will be in limbo, causing additional anxiety in what is already likely to be a difficult time for your loved ones.

Although the court will appoint a deputy to handle your financial affairs, they are unlikely to appoint a deputy for your health and welfare needs. Without Lasting Power of Attorney, this responsibility will fall to social services.

It is reassuring to know that someone who knows you well and who you trust to make decisions on your behalf would be able to step in at this stage, fighting your corner and ensuring that you receive the type of care that best suits you as an individual.

To discuss or to arrange a FREE consultation, call Denise Crispin-Bailey today on York 01904 501910.
www.richardsonswills.co.uk/yorkwillwritingservice

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