Horsepools Estate Planning
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Horsepools Estate Planning
Home
About Us
Services
  • Wills
  • Trusts
  • Powers of Attorney
  • Inheritance Tax Planning
Contact
More
  • Home
  • About Us
  • Services
    • Wills
    • Trusts
    • Powers of Attorney
    • Inheritance Tax Planning
  • Contact
  • Home
  • About Us
  • Services
    • Wills
    • Trusts
    • Powers of Attorney
    • Inheritance Tax Planning
  • Contact

Powers of Attorney

What Is a Lasting Power of Attorney (LPA)?

A Lasting Power of Attorney (LPA)is a legal document that allows you to appoint one or more people (called attorneys) to make decisions on your behalf if you become unable to do so yourself—either through illness, accident, or loss of mental capacity.


Creating an LPA ensures that someone you trust can step in to manage your affairs and act in your best interests if you're no longer able to do so.

Health and Welfare LPA

This allows your attorney to make decisions about:


  • Medical care and treatment
  • Where you live
  • Day to day care
  • Life sustaining treatment      (if you choose to give them that authority)

Property and Financial Affairs LPA

This gives your attorney the power to manage your finances, such as:


  • Paying bills
  • Managing bank accounts
  • Selling or maintaining property
  • Handling pensions and investments

Why Make an LPA?

You stay in control by choosing who acts for you

Avoids costly delays - without an LPA, your loved ones may need to apply to the Court of Protection,

Peace of mind knowing your affairs will be handled by someone you trust

Essential at any age- accidents or illness can happen unexpectedly

Making an LPA is a simple step that protects your future. Our team can guide you through the process and ensure the documents are registered correctly.

Find out more

Benefits of an LPA

 

Having a Lasting Power of Attorney (LPA) provides several important benefits, particularly for planning ahead and ensuring your wishes are respected:


  1. Control over future decisions: You choose who you trust to make decisions on your behalf, ensuring your preferences are upheld.
  2. Avoiding court involvement: Without an LPA, loved ones might need to apply to the Court of Protection to make decisions for you, which can be time-consuming, costly, and stressful.
  3. Peace of mind for loved ones: Your family or close friends won’t have to guess your wishes or navigate complex legal processes during a difficult time.
  4. Tailored decision-making: You can specify instructions or preferences in your LPA, like choosing a care home or managing investments, so your attorney acts in line with your wishes.
  5. Timely action: For financial matters, having a Property and Financial Affairs LPA means your attorney can manage urgent issues like paying bills or accessing funds without delays.
  6. Preparedness for the unexpected: Life can be unpredictable, and an LPA ensures you’re ready for unforeseen circumstances, giving you greater autonomy even in challenging situations.

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