Lasting Power of Attorney (LPAs)

Protecting Your Future and Your Loved Ones

What exactly is an LPA?

In the realm of English law, a Lasting Power of Attorney (LPA) stands as a formidable legal instrument that grants you the ability to designate a trusted individual to make critical decisions on your behalf if, for any reason, you are no longer able to do so yourself. Whether faced with illness, injury, or other circumstances, having an LPA in place brings the comfort of knowing that your desires will be honoured and your affairs will be handled by someone you trust.

Types of LPAs

There are two types of LPAs:

  • Property and Financial Affairs LPA.
  • Health and Welfare LPA.

A Property and Financial Affairs LPA allows you to appoint an attorney to make decisions about your finances, such as managing your bank accounts, paying bills, and selling or buying property.

A Health and Welfare LPA allows you to appoint an attorney to make decisions about your personal welfare, such as your medical treatment, where you live, and who you have contact with.

Benefits of LPAs

One of the main benefits of having an LPA is that it allows you to maintain control over your affairs even if you become incapacitated. By appointing someone you trust to act on your behalf, you can ensure that your wishes are respected and that your affairs are taken care of effectively. Additionally, having an LPA in place can help to avoid disputes among family members and ensure that decisions are made in your best interests.

Creating an LPA

With the right help, creating an LPA is a straightforward process. It’s important to work with an experienced estate planner who can guide you through the process and ensure that your wishes are properly documented, and all relevant paperwork is completed correctly. At the Twilight Group, we specialise in providing comprehensive LPA services for clients throughout the UK. Our team of legal professionals will work with you to understand your unique situation and help you create an LPA that meets your needs and protects your interests.

Example of a Property and Financial Affairs LPA:

Sarah is an elderly woman and her son, Mark, is concerned about her ability to manage her finances, as she has started forgetting to pay bills and has made some questionable purchases. With Sarah’s permission, Mark becomes her attorney under a Property and Financial Affairs LPA. He takes over responsibility for managing her finances, paying bills, and ensuring that her savings are invested appropriately. With Mark’s help, Sarah is able to maintain her independence and quality of life while still having someone to ensure that her financial affairs are handled properly.

Example of a Health and Welfare LPA:

John is a middle-aged man who has been in a serious car accident and is now in a coma. His wife, Emma, is distraught and unsure of what to do. Fortunately, John had previously created a Health and Welfare LPA naming Emma as his attorney. With the LPA in place, Emma is able to make important medical decisions on John’s behalf, such as whether to continue life-sustaining treatment or to allow him to pass away peacefully. Having the LPA in place gives Emma the peace of mind of knowing that she is acting in accordance with John’s wishes and that she is doing what is best for him in his current condition.

Contact The Experts Today

If you are interested in creating an LPA or have questions about how LPAs work, our team of legal professionals are here to help. Contact us today to schedule a consultation and learn more about how we can help you protect your future and your loved ones with an LPA.

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