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What is Lasting Power of Attorney
No one likes to think about the worst, but being prepared not only enables your wishes to be carried out when you are unable to communicate with them, but it also protects your family and friends from emotional distress by allowing them to know what to do and giving them the power to do it.
Using an LPA, you can appoint people you trust to make decisions for you, without an LPA your loved ones will find it difficult to manage your affairs on your behalf as they will not have the authority to do so this includes home and financial as well as medical situations.
On a basic level it empowers people to get you the support and care you need as quickly as possible while still maintaining your wishes. Arranging an LPA is not difficult, it can be done over the phone and uniquely tailored to you and your situation. There are two different types of LPA:
LPA – Property and Financial Affairs
This allows you to nominate those you chose to act on your behalf to make decisions about your finances and property. They can organise paying your bills, managing your bank account (s) and pensions, and selling your home on your behalf if necessary.
LPA – Health and Welfare
Using this type of LPA your attorneys can make decisions about your health and welfare, which may include deciding where you live and agreeing with your medical treatment. This type of LPA is only used if you are unable to make decisions yourself.
How Retirement Solutions can help
We understand the importance of planning your estate and making sure your needs and wishes are met. With 12 years experience in dealing with complex financial properties. Our experts will listen to your wishes over the phone and put together bespoke documents that suit your personal circumstances.
Contact Our Will Writing Specialists wills@retirementsolutions.co.uk