Lasting Powers of Attorney

What is a lasting power of attorney?

A Lasting Power of Attorney (LPA) allows your loved ones to take care of you and your finances if you become unable to do so yourself.

Whilst a Will is there to ensure your wishes are carried out after you pass away, a Lasting Power of Attorney, (LPA), is to protect your interests during your lifetime. There may come a time when you are unable to make decisions on your finances, health, and wellbeing due to an accident, or an illness which affects your mental capacity, and in these circumstances, a Lasting Power of Attorney allows you to have more control over how important decisions are made. There are two types of LPA:

A ‘Health and Welfare LPA’ covers decisions about health and care and even deciding where you are to live. This can only be used if someone Is incapable of dealing with such matters themselves.

A ‘Property and Financial Affairs LPA’ allows your loved ones to deal with paying your bills, buying, and selling your property and managing your bank accounts and investments.

Lasting Powers of Attorney

Slade Legal is here to help you with all aspects of organising effective Lasting Powers of Attorney.

Making provision for what will happen in the event of illness or mental incapacity may not seem important. However, not doing so can be catastrophic for you and your loved ones.

What are the benefits of a Lasting Power of Attorney?

A Lasting Power of Attorney ensures that if you become incapable of managing your own affairs, family members, friends or professionals can manage your:

Property
Finances
Personal health and welfare

Why is appointing an Attorney such a good idea?

Appointing an Attorney to act on your behalf can:

Give you greater control of your future.
Stop your affairs being left to chance.
Remove the worry of being unable to deal with your own affairs.

Dementia, Alzheimer’s disease, and other disorders can all impair your mental capacity. So it is important to consider taking steps to protect your wealth and loved ones now, before it is too late.

What experience and expertise can you offer me?

Slade Legal’s highly experienced team can offer you:

Expert advice and assistance in explaining what can be done and how best to do it.
Fixed fee packages for the preparation of certain Powers of Attorney.

To speak to a member of our wills, probate and inheritance tax planning team directly, please call:

Wallingford Slade Legal to speak with Geoff Randall on 01491 529663 or Marina Smith on 01491 529664
Didcot Slade Legal to speak to Michael Swan on 01235 511211
Abingdon Slade Legal to speak to William Cowan on 01235 521920

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