When Should I Make a Lasting Power of Attorney (LPA)?

While the importance of having a Will is widely recognised, the significance of Lasting Powers of Attorney (LPAs) is often overlooked.
LPAs are not just for the elderly or those losing mental capacity; they are essential tools for managing your affairs and ensuring your loved ones can assist you when needed.
Waiting until you’re older or facing mental decline can be risky. Making an LPA requires mental capacity certification, so delaying could mean it’s too late. By planning ahead, you empower trusted individuals to manage your affairs and make decisions on your behalf, should the need arise unexpectedly.

When might you need assistance in decision-making?

It could be due to various factors like accidents, mental health crises, strokes, or conditions like Alzheimer’s or dementia. Whether temporary or permanent, having designated individuals to act on your behalf ensures your best interests are upheld.
Without an LPA in place, assumptions about next of kin’s authority can lead to legal complexities and family disputes. Hospital staff may consult family in emergencies, but they aren’t legally bound to do so. Your family would lack the authority to manage your finances or make critical decisions, leading to potential stress and complications.

What exactly is an LPA?

It’s a legal document empowering someone to make decisions on your behalf in health and care matters, or property and finances. Making both types is advisable, especially for business owners who may also need a Business LPA for their business affairs.
While you can create an LPA without a solicitor, DIY versions often overlook crucial provisions and may be legally flawed. Engaging a qualified solicitor ensures your LPA is legally valid and tailored to your needs, providing peace of mind for you and your loved ones.
Don’t leave your future to chance. For more information, contact us by telephone on 0161 900 3563, or make an appointment today via this link: Book an Appointment to take control of your affairs and secure your peace of mind.