A lasting power of attorney is legal document that gives your chosen Attorney/s the authority to deal with your affairs should you be unable to do so. there are 2 types -lasting power of attorney for property and finance
and lasting power of attorneys for health and welfare. both of which are registered at the office of public guardian.
This document covers decisions about your health and care and can even decide where you live. this document can only be used if someone is unable to deal with such matters themselves.
These can be severely restricted if ONE of you loses mental capacity, which can be devastating when you have your only form of income, such as pensions paid in to this account.
This document gives your Attorney/s the authority to deal with buying and selling your property, your bank accounts, bills and investments.
If you lose mental capacity without an LPA in place, your family would have to apply to the Court of Protection to have a deputy appointed. This is a slow and very expensive process.
Do not delay putting these vital documents in place. Contact Smiths Estate Planning today for complete peace of mind.
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