What Is a Power of Attorney?
A power of attorney is a legal document that appoints someone (referred to as your ‘attorney’) to make decisions on your behalf. It becomes crucial when you’re no longer able to make or communicate your own decisions due to various reasons.
Why Consider LPAs?
Temporary Assistance: LPAs can be a temporary measure, especially if you’re going into the hospital and need help with everyday financial tasks like paying bills.
Long-Term Planning: For long-term planning, LPAs are essential. For instance, if you’ve been diagnosed with dementia, planning ahead ensures that your wishes are respected even if you lose mental capacity in the future.
Types of Lasting Powers of Attorney
Property and Affairs LPA
Allows the appointed person to make decisions related to your property and finances.
Relevant for managing bills, investments, and property transactions.
Health and Welfare LPA
Empowers the appointed person to make decisions about your care and medical treatment.
Crucial for ensuring your preferences are followed regarding health and well-being.
Setting Up an LPA: Practical Steps
1 Choosing Your Attorney(s)
You can appoint more than one attorney
Consider someone you trust implicitly.
2 Complete the Necessary Forms
Fill in the forms to officially appoint your chosen attorney(s)
3 Register the LPA
Register the LPA with the Office of the Public Guardian (this process may take up to 20 weeks).
The registration fee is £82 unless you qualify for a reduction or exemption.
MDW Solicitors: Your Trusted Legal Advisors
At MDW Solicitors, we specialize in private client work, including LPAs, wills, probate, trusts, and estate planning. Led by Debra Williamson, TEP (a highly experienced solicitor), we offer professional legal services with a personal touch. Our fixed-fee approach ensures transparency from the outset.
Feel free to explore our website for more information or download our free legal guides on Wills, Probate, and Powers of Attorney. If you have any questions, don’t hesitate to reach out to us:
Address: 1 Chalfont Park, Gerrards Cross, SL9 0BG
Phone: 01753 299466
Remember, planning ahead with LPAs provides peace of mind and protects your interests. Let us assist you in securing your future!