It is important to plan for the future, especially when it comes to making sure someone you trust can make decisions for you if you are unable to. One way to do this is by setting up a lasting power of attorney, or LPA. Here, we explain what an LPA is and how acting early can save you and your loved ones from problems.
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A lasting power of attorney is a legal document that lets you choose someone to make decisions for you if you lose the ability to do so yourself. This could be needed because of illness, injury, or old age. There are two types of LPA: one for financial decisions and one for health and care decisions. By setting up an LPA, you decide who will look after your money, property, or medical care.
Why you shouldn’t wait to set up an LPA
If you wait too long to set up a power of attorney online, you might lose the chance to create one because you are no longer able to make decisions or sign the documents. Here are some reasons to act sooner rather than later:
- Avoid family disputes
Without an LPA, family members might disagree on who should make decisions.
- Save time and money
Setting up an LPS through a company such as https://powerofattorneyonline.co.uk/ avoids the need for court-appointed help, which can be expensive and a slow process.
- Stay in control
Creating an LPA while you are still well means you can choose exactly who you trust.
- Peace of mind
Knowing your future care and finances are in safe hands can give you peace of mind, reducing stress for you and your family.
How to set up an LPA
Setting up an LPA involves filling out forms and registering them with the government. You need to choose your attorney or attorneys, who should be trustworthy people such as family members or close friends.
It is also a good idea to obtain legal advice to ensure everything is completed correctly.