Many people think that a Lasting Power of Attorney is a thing to consider when you get older. However, it is a very important legal document that can be set up when you become an adult.
What Is a Lasting Power of Attorney?
An LPA is a legal document that lets you select someone you trust to make decisions on your behalf if you ever become unable to do so yourself. There are two different ones: a Health and Welfare LPA, which deals with medical care, daily routines and living arrangements, and Property and Financial Affairs, which deals with money, bills and property. Both give you control over who steps in when you can’t.
The Law and Common Misunderstandings
You must be at least 18 to create an LPA. But many people wait too long. Unfortunately, life doesn’t always wait.
Why Acting Early Matters
Making an LPA is about capacity, not age. You can only make one if you know and understand what it means and who you’re appointing. Once mental capacity is lost, it’s too late. Serious accidents or sickness can happen at any time and can leave families facing months of delay and high legal costs from going to the Court of Protection. If you need help setting up an LPA, companies such as https://powerofattorneyonline.co.uk/ can offer advice.
A Sensible Life Decision
Creating an LPA online during things like buying a home, having children or retiring makes sure that your affairs and loved ones are protected, whatever the future brings.
