If you become incapacitated and are no longer able to manage your own affairs it is important for you to assign a trusted family member or close friend as your Lasting Power of Attorney. They will be appointed to manage things for you and take care of your financial affairs as well as your overall wellbeing.<\/p>\n
Without an \u2018LPA\u2019 no one has the legal authority to deal with your finances and although your relatives may be willing to assist you they would not be able to. There have been many cases where wives, partners and their children have been unable to function financially because the person on whom they depended had not entrusted anyone with Lasting Powers of Attorney.<\/p>\n
Two types of LPA can be made, one to deal with your property and financial affairs and another to deal with your personal welfare. By making an LPA you can choose your solicitors yourself and ensure that the people looking after you are those you trust.<\/p>\n
If you become incapacitated and there is no LPA your relatives could be forced to apply to the Court of Protection for a court order allowing them to managing your affairs. This can be a very long and costly process and can make things very stressful for them at what is already a difficult time.<\/p>\n","protected":false},"excerpt":{"rendered":"
If you become incapacitated and are no longer able to manage your own affairs it is important for you to assign a trusted family member or close friend as your Lasting Power of Attorney. They will be appointed to manage things for you and take care of your financial affairs as well as your overall…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":154,"menu_order":60,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n