Complete the form below to ask us a question or make an enquiry. We’ll get back to you via phone or email as soon as possible.

Insights

Lasting Powers of Attorney: Making your wishes clear

Posted on 01st June 2022 in Later Life Planning

Posted by

Sue Halfyard

Partner & Chartered Legal Executive
Lasting Powers of Attorney: Making your wishes clear

When making a Power of Attorney there are many considerations to consider, including choosing someone you trust to carry out your wishes and conduct your affairs. Choosing the right attorney, and making your wishes clear to them, is an essential part of the process.  This can be overwhelming and it is important that obtain the correct advice and guidance on how to ensure your wishes are clearly communicated.

Life is unpredictable so making a Power of Attorney is essential for planning for the future. You may need someone to make decisions for you and carry out actions on your behalf should you lose the capacity to do so for yourself.  A Power of Attorney provides peace of mind, but it is very normal to have concerns.  There are steps you can take to make the process straightforward for your attorney, providing them with clarity about their role.

Your choice of attorney is important and you must consider your choice carefully. Your attorney should be someone you trust to follow your wishes and be able to manage your financial affairs and care confidently. It is possible to appoint more than one attorney, eg, you may have someone in mind who would be better at arranging everyday care and another who is better with financial decisions.

When making a Power of Attorney it is advisable to talk to your family and friends. They can then work with you to choose the best person for the role and may raise concerns or issues that you had not considered. This is also an opportunity to clarify your wishes in respect of both financial matters and care matters. Care matters may be where you would like to live, what you like to eat or the clothes you like to wear.

 

How can Tozers help?

To ensure an LPA is put in place correctly and promptly it is always recommended to speak to a solicitor. They are great tools for succession planning and cover property & finance, and health & welfare. To find out more, or for support with putting in place a Lasting Power of Attorney, please contact our dedicated Later Life Planning team who will be happy to help.

Contact our legal experts


 

eNewsletter sign up

Company & Industry

Related Insights

Insights

Did Inheritance Tax change in the Autumn Statement 2023?

Posted on 26th November 2023 in Probate & Wills, Later Life Planning

This year’s Autumn Statement was notable for what it did not say rather than what it did. Despite the rumours and speculation in the build-up to the Autumn Statement, the Chancellor did not announce a reduction or simplification of Inheritance Tax, meaning that over the coming years more and more estates will be caught in the Inheritance Tax rules.

Posted by

Naomi Hoare

Senior Associate & Solicitor
Insights

When Should I Review My Will? Part 1

Posted on 07th November 2023 in Probate & Wills, Later Life Planning

The importance of making a Will which reflects your wishes is therefore paramount but, after making your Will, when should you consider reviewing whether it still reflects your wishes particularly if your circumstances have changed.   

Posted by

Sue Halfyard

Partner & Chartered Legal Executive