Lasting power of attorney where Abbey Broadway the informative support site set up for individuals and their relatives seeking care to help them to make the best possible choices with sound professional advice and guidance .
Introduction to lasting power of attorney:
What is a lasting power of attorney lasting power of attorney ?
A Lasting Power of Attorney is a directive which allows an individual nominated by you the Donor to make decisions on your behalf should you lose mental capacity in the future.
There are two types of lasting power of attorney
- one for property and financial affairs and one for
- health and welfare you can choose to appoint an attorney for both or just one it's entirely up to you.A property and financial affairs lasting power of attorney enables your nominated person to take care of your money for you dealing with routine financial responsibilities like banking paying bills stopping or setting up a direct debit and less regular responsibilities like arranging maintenance work on a property purchasing large items you may need like care equipment and buying or selling property they will ensure that your money is safe and that you always have what you need.
Although it often is unpleasant to consider the future in this way anyone without a lasting power of attorney could find themselves without proper protection or support in the unfortunate event that do you require assistance with everyday care and responsibilities.
Without a lasting power of attorney in place family members and friends are powerless to help you and whilst court orders can sometimes be obtained these cost a lot of money and are not always successful. You can only arrange a lasting power of attorney with your mental capacity intact so it's best to set it up early to avoid difficulty later on.
How do you get a lasting power of attorney.
lasting power of attorneys are registered with the office of the Public Guardian you can register for lasting power of attorney with DIY kits but it's always best to ensure that a solicitor is involved throughout.
There is a cost involved which may also vary depending on your individual requirements and legal fees.
You must register the lasting power of attorney yourself as nobody can do this on your behalf once confirmed relevant family members and friends must be notified to ensure that there are no objections and that everyone important is aware that the lasting power of attorney is in place and knows who will be taking responsibility for you so what happens after your lasting power of attorney comes through.
Your lasting power of attorney will not come into play until it is completely necessary it will only be actioned once you lose the mental capacity to take care of certain responsibilities yourself.
How do you choose your nominated person?
Your nominated person should always be someone you trust usually it is a family member or a friend
What could happen if you don't get a lasting power of attorney in place ?
if you don't set up a lasting power of attorney you will have less control over decisions made regarding your care arrangements health and financial status, with a lasting power of attorney in place your attorney can act on your behalf as you would have wished to ensure that you and your assets are protected if you need additional supports or would like to find out more about setting up a lasting power of attorney please head over to our website and take a look through our informative article
As found on Youtube
For More Info Click Here