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Insights

What is a Lasting Power of Attorney and how can I put one in place?

Posted on 12th May 2020 in Later Life Planning

Posted by

Sarah Phillips

Chartered Legal Executive
What is a Lasting Power of Attorney and how can I put one in place?

Death, mental incapacity and old age are topics which can make people feel uncomfortable. It is important to remember, though, that preparations made whilst you are well enough to make decisions for yourself can make life far easier for you, and your family, later in life.

A property and financial affairs Lasting Power of Attorney is an excellent way of ensuring that your financial affairs can be managed efficiently when you are no longer able to manage them yourself.  The Office of the Public Guardian has produced a helpful information sheet which highlights the importance of making a Lasting Power of Attorney while you can. 

Many people think about making a Will, so that their loved ones are provided for following their death, but they do not consider how they can ensure their affairs are managed during their lives.

By executing a Lasting Power of Attorney, you can choose who you would like to take care of your financial affairs when you are no longer able to do so. Some people prefer to ask a professional firm to act as their attorney simply because their family members are not able to assist, or because they prefer to have an independent person helping with confidential financial information.   

Our friendly and approachable, Vulnerable Clients’ Team are well equipped to assist you with a variety of issues that may need resolving. We will work alongside you to ensure that you do not feel as though your independence is being taken away, whilst also ensuring that your affairs are efficiently managed during the times you need assistance.

For further advice and guidance on putting in place a Lasting Power of Attorney then please contact a member of our supportive Vulnerable Clients’ Team. For how the Coronavirus pandemic is affecting the process of putting in place a Will then please visit our support page.

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