We’re living longer, we’re busier than ever and according to recent statistics, around 30-40% of us live alone. This often means that we can’t assume that things will be taken care of when we’re not able to do them ourselves, whether it is as a result of temporary absence, injury or ill-health.
Planning for the future is very important as no man is an island. Peace of mind is something that is hard to place a value on.
With a Lasting Power of Attorney (LPA), you can appoint someone you trust to step in and make decisions and sign documents on your behalf in the event that you can’t do so yourself. A Lasting Power of Attorney is a legal document that allows you, the donor, to choose one or more ‘attorneys’ to make decisions on your behalf during those times.
There are two kinds of LPA: one that deals with property and financial matters and the other that is concerned with health and welfare. You can choose to have one or both and you can choose different people in relation to each.
What kind of decisions would your LPA be able to help you with? In terms of financial matters, whoever you appoint will be able to assist you in the payment of bills, managing bank accounts, personal finances, or even business affairs.
When it comes to health, decisions may involve the giving or refusing of consent to health care, staying in your home and getting medical help, moving into a care home, or even day-to-day concerns such as diet.
It is important to remember, however, that this power over your affairs can easily be abused by the unscrupulous and it is therefore extremely important to choose your attorneys very carefully. In some circumstances, it is best to appoint more than one attorney and only allow them to make decisions together.
It is also important to remember that, once you give someone this power over your affairs, it can also be revoked if circumstances change or you simply change your mind as long as you still have capacity to do so.
Pishon Gold are proud supporters of The Chartwell Cancer Trust. If you are thinking of leaving a gift to support the work of this charity, we are pleased to offer a 10% discount on our standard will writing service.
For more information contact
Pishon Gold Solicitors LB of Bromley on 0208 468 1032
or email firstname.lastname@example.org