Kim Hayton, HR Director at FDR Law discusses Life Coaching Q: I took a break over the summer and now realise I want a career change but don’t know how to go about it? A: Many of us use the time we spend on holiday reflecting on our lives and taking...
If you’d like the reassurance your affairs will be looked after, if and/or when you become too infirm to handle them yourself or if you lose the ability to understand your financial affairs, the answer is to create a Lasting Power of Attorney (LPA).
An LPA is a legal document that allows another person to make decisions about your wellbeing and affairs, on your behalf. Appointing an attorney before you actually need one gives you the peace of mind that your affairs will be managed how you want them to be.
It’s not possible to create an LPA once you’re unable to make your own decisions, so if you think you are likely to need an LPA in the future, it’s something you should consider putting in place as soon as possible. It’s a useful insurance policy at every stage in life which is why all types of people choose to set one up. No one has a crystal ball which allows them to predict when they may be affected by an accident or ill-health. It makes sense to protect your interests.
There are different types of LPAs depending on what areas of your life you would like an attorney to have control of. To be valid, an LPA must be registered with the Office of the Public Guardian.
At FDR Law, our friendly, professional solicitors can help with all aspects of creating an LPA - from choosing an attorney and deciding what type of LPA is right for you to correctly registering the documentation.