Planning ahead is more important than ever, and registering a Lasting Power of Attorney ensures that your affairs are managed according to your wishes if you ever lose mental capacity. With an LPA in place, you appoint trusted individuals who become your “attorneys” to make decisions on your behalf regarding your health, welfare, or finances.
Protecting Yourself in The Event of a Health Crisis or Accident
If COVID-19 taught us anything, it’s to expect the unexpected. Health issues can arise without any notice, or you may be involved in an accident that impacts your decision making. A Health and Welfare LPA enables your appointed attorneys to make choices about your care, medical treatment, and living arrangements.
By using a service such as Power of Attorney Online, which can be found at //powerofattorneyonline.co.uk, you can draw up an LPA that you have on hand in case of an emergency. Like insurance, you hope never to use it, but when you need it, it is invaluable.
By registering an LPA now, you’re also guaranteed that your nominated attorneys can act immediately, avoiding delays or the need for the Court of Protection to appoint a deputy.
Handling Your Financial Affairs When You Cannot
Financial and property decisions can be particularly challenging without formal authority, and you can easily incur debt or endure other financial struggles if you don’t have an LPA in place. An LPA covering your property and financial affairs allows your attorneys to pay bills, manage accounts, or make investment decisions on your behalf.
