Do you want to set up a lasting power of attorney (LPA) to protect your future self if you're ever unable to make your own important decisions one day? Then your best option is to use a reliable and professional LPA provider.
At Wills.Services, we provide a professional lasting power of attorney service, where you can create your LPA with minimal hassle and at an affordable price.
There are many LPA providers in the UK, so why should you use our service? This guide introduces you to what exactly a lasting power of attorney means and also explains the benefits of making a legal LPA with us here at Wills.Services.
The power of attorney is a legal right that allows an individual to handle someone else’s affairs, make decisions and act on their behalf regarding their finances and/or wellbeing in the event that you lose the mental ability to carry out every-day tasks.
As per UK law, a lasting power of attorney is a separate legal document that grants this authority, allowing your nominated attorneys to make decisions for you (the ‘donor’) if you ever lack the mental capacity to do so yourself.
Attorneys are legally obliged to act in the best interests of the donor and must adhere to the conditions set out within the LPA.
Setting up a lasting power of attorney gives you peace of mind in knowing that you will retain a good quality of life, as your chosen attorneys will prioritise your wellbeing.
There are two main types of lasting power of attorney in the UK:
The Health and Welfare lasting power of attorney grants your attorney(s) the right to make decisions regarding your every-day life, including things from your healthcare to the clothes you wear and the food you eat.
The Property and Financial Affairs lasting power of attorney, on the other hand, gives attorney(s) the authority to handle your financial dealings, including any pensions, savings, properties, bills and tax obligations you may have.
Attorneys must initially attempt to help you make decisions for yourself, but they also have the power to make them for you if you are unable to do so.
Due to the complex responsibilities involved with being an attorney, you should think very carefully about who you choose and seek professional consultation before approaching anyone.
While you may have a will to protect your assets when you pass away, you also need to set up a lasting power of attorney in order to ensure that your finances (and your own wellbeing) will be managed in your best interests if ever you lack the mental capacity to do so yourself.
Many people, unfortunately, delay the process of getting an LPA or ignore the importance of it, but you’ll certainly be thankful that you set one up while you were still of sound mind, if the time should ever come for you to need it.
You can create a lasting power of attorney quickly and easily with Wills.Services; you simply start by filling out our online form and the process can be handled from the comfort of your own home.
Learn more: How to Write a Will at Home
There are many advantages to getting an LPA, including the following:
You can try to make a lasting power of attorney yourself by using a DIY LPA form, but we strongly advise against doing so due to the large number of things that could potentially go wrong if an LPA isn’t done professionally.
Alternatively, read our free and helpful related guides for further advice.