Many people think a Lasting Power of Attorney is only necessary later in life. However, unexpected events can happen at any age, and an LPA can provide peace of mind even if you are young and healthy.
How Important Is an LPA?
An LPA allows you to appoint a person to make decisions for you if you are ever unable to do so yourself. This could be due to an accident, illness or even being abroad when urgent financial matters need attention. For example, if you were injured in a car accident and unable to communicate, your chosen attorney could pay your bills, manage your bank accounts or liaise with doctors about your care. If you don’t have an LPA, your relatives would have to go to the Court of Protection to get authority to act for you. This process can be expensive and time-consuming.
Setting up a Power of Attorney online at https://powerofattorneyonline.co.uk/ can ensure your documents are registered with the Office of the Public Guardian. There are two types of LPA – one for health and welfare to help with medical issues, and the other for property and financial affairs. Setting up an LPA while you are fit and well ensures that you are the one choosing who will act for you, rather than leaving it to the courts.
It Means Your Wishes Are Recorded and Legally Protected
While you may not think you need one now, arranging a power of attorney early is a sensible safeguard against the unexpected.