Lasting power of Attorney

Ensure You Have Someone to Rely On

In the event that you lose mental capacity without having a Lasting Power of Attorney (LPA) in place, your family will face the challenging and often costly task of applying to the Court of Protection to appoint a deputy to manage your financial affairs. This process can be both lengthy and expensive, potentially costing over £3,000 and consuming a significant amount of time. At Genesis Wills and Estate Planning, we strive to help you avoid these complications by setting up your LPA in advance, ensuring a smoother and more efficient process for you and your loved ones.

What is a Lasting Power of Attorney?

A Lasting Power of Attorney (LPA) is a legal document that allows you to appoint one or more trusted individuals to make decisions on your behalf if you become unable to manage your own affairs. There are two types of LPA, each serving a different purpose:

• Property and Financial Affairs LPA: This type of LPA authorizes your chosen attorney to manage your financial matters. This includes handling your bank accounts, investments, paying bills, and managing any property you own. Essentially, it ensures that your financial interests are looked after according to your wishes.

• Health and Welfare LPA: This LPA grants authority to your appointed attorney to make decisions regarding your health and personal care. It covers aspects such as medical treatments, care arrangements, and decisions about your day-to-day welfare, ensuring that your personal preferences are respected even when you’re unable to communicate them yourself.

Why is it Important to Have an LPA?

Certain health conditions, such as Dementia, Parkinson’s disease, or strokes, can significantly impact your ability to make informed decisions. Without an LPA in place, your family may encounter considerable delays and expenses as they navigate the process of gaining legal authority over your affairs. This process, involving the Court of Protection, can cost more than £3,000 and can be extremely time-consuming, creating unnecessary stress and financial strain during an already challenging time.

Additionally, if you hold joint bank accounts with a partner, the absence of an LPA could lead to restrictions on accessing essential funds. This could complicate the management of crucial payments, such as mortgages or utility bills, further exacerbating the difficulties faced by your family.

Contact Us for More Information

To ensure that you and your family are well-prepared for any eventuality, contact Genesis Wills and Estate Planning today. We offer free, no-obligation consultations at a time and place that suits you and your loved ones. Call us at 0330 1180937 to arrange your appointment. Our team is dedicated to providing you with personalized advice and support to make the process as straightforward as possible. Let us help you secure peace of mind by setting up your Lasting Power of Attorney.