BENEFITS OF A LASTING POWER OF ATTORNEY

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BENEFITS OF A LASTING POWER OF ATTORNEY

If you’re concerned about losing your mental capacity, preparing a Lasting Power of Attorney (LPA) will help reduce stress and worry. Here are some of the benefits of having an LPA.

It’s Your Choice

You’re in control over who handles the decisions about your health and finances – from big decisions, like selling your house to everyday issues like paying your bills. You can choose a member of your family that you’re particularly close to or someone you trust to make the best choices for you.

Cost And Time Effective

Having an LPA in place means your loved ones don’t have to make an application to the Court of Protection. This process costs more and takes much longer to process. There may also be ongoing obligations and costs involved. By preparing an LPA, instead, decisions about end of life care or finances can be dealt with by your loved ones that you trust.

Legally Binding

Once your LPA is prepared, no one, but you can change it. So you’ll have total control and know you’re in safe hands if your mental or physical capacity fails you. It also means your decisions will be respected as much as possible after your death.

Deal With Affairs Quickly

If you have strong views or even personal preferences, you’ll know that they can be dealt with quickly and effectively. For example, If you want to choose your own retirement home, having an LPA means these can be dealt with quickly. Any financial problems can be dealt with by your Attorneys so you can enjoy your retirement.

Peace Of Mind

Having an LPA provides peace of mind to your loved ones, especially for children who may live away or are unable to visit often. As, in reality, it will be them that will need to get involved if you do not have an LPA in place and the pressure and stress are passed down to them to make an application to the Courts or deal with Social Services. Therefore, preparing and LPA not only gives you peace of mind but also makes life easier for your family.

I am a professional Will writer based in Leicester with over 18 years’ experience in this area of law. Get in touch today for a friendly, sensitive service that offers free home visits and weekend and evening appointments to make the process as easy as possible for you or your loved one.

2019-09-09T16:05:44+00:00 September 9th, 2019|Lasting Power of Attorney|0 Comments

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