Lasting Powers of Attorney
A Lasting Power of Attorney is a legal document which allows an individual to choose another person(s) he or she trusts to make financial and/or health decisions on their behalf. They may need this other person to make such decisions due to illness or injury.
If an individual was to lose the ability to make decisions the appointed person(s) would take over the care of that individual and manage their financial affairs. If no Lasting Power of Attorney was in place then this would make matters extremely complex and expensive at a difficult time.
Lasting Powers of Attorney can be crucial for businesses with a sole or majority shareholder. Imagine the standstill a business would come to if the majority shareholder lost capacity and did not have a lasting power of attorney in place – very few decisions could be made until the Court of Protection appointed a Deputy. And if a professional Deputy is appointed, this will mean professional fees are charged for any time spent attending to matters.
In addition to preparing your powers of attorney we can act as your certificate provider thereby speeding up the process.
A Lasting Power of Attorney also gives you the opportunity to discuss your wishes relating to your health and well-being or your finances with a loved one, so that they can implement your wishes if you are incapable of doing so.
Contact us if you would like the peace of mind that in the event of an emergency a loved one can make sure that you and your affairs are looked after in the best possible way.