What can happen without a lasting power of attorney?
A lasting power of attorney, or an LPA, enables you to select a person to make key decisions for you regarding important elements of your life, such as welfare, health, business affairs and (more…)
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How to dispute a Lasting Power of Attorney
With average life expectancy on the rise in the UK, people are increasingly looking to appoint someone to take care of their finances, property and healthcare when they can no longer manage these (more…)
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What is the cost of application fees for an LPA?
Assigning a Lasting Power of Attorney (LPA) is a wise way to ensure that if you are no longer able to make personal or financial decisions for yourself, you are cared for a manner of your choosing by the person you select.
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A guide to nominating multiple attorneys in an LPA
Careful consideration is always advised when appointing an Lasting Powers of Attorney (LPA). You should try and choose someone you trust to make decisions in your interests and who is reliable, with the right skills for the role.
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The importance of LPAs for dementia patients
If you or a family member have been diagnosed with dementia, you may benefit from a Lasting Power of Attorney (LPA). Nominating an LPA to handle your affairs before you are unable to make decisions for yourself can ensure that should you lose mental capacity, the person of your choosing will manage your affairs.
Understanding dementia
What exactly is dementia? It’s a broad term that covers a variety of progressive disorders that affect the brain. While there are hundreds of subtypes, some of the more common include dementia with Lewy bodies, vascular dementia and Alzheimer’s disease.
The human brain comprises nerve cells that communicate with one another via messages. Dementia causes the nerve cells to be damaged, stopping messages being sent to and from the brain correctly, preventing the human body from normal functions.
Progressive disorders such as dementia can diminish sufferers’ ability to make competent decisions and can result in a loss of mental capacity.
Lasting Powers of Attorney
Granting LPA status to a friend or family member before you are no longer capable of caring for yourself can be prudent, if you wish to decide what happens to you when you lose mental capacity. You can dictate who cares for you and how you’re cared for, and can also include a statement of specific wishes.
Without a nominated LPA in place, the courts will appoint someone to care for you and this may not be someone you would originally have desired to be handling your affairs.
Read MoreWhat are the rights of a Lasting Power of Attorney for health and welfare?
A Lasting Power of Attorney (LPA) specifically for health and welfare grants the person nominated (referred to as the attorney) the legal power to execute decisions on behalf of someone (known as the donor) when they’re no longer able to make decisions of their own.
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The two different types of Lasting Power of Attorney
A Lasting Power of Attorney (LPA) is a piece of legal documentation that allows you to appoint a person to assist you in making decisions, or to make them on your behalf.
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The difference between Deputy Orders and Lasting Powers of Attorney
Deputyships and Lasting Powers of Attorney (LPA) are roles with much in common. Both legal appointments, they’re designed to manage the affairs of individuals suffering from mental incapacity. The two positions are both appointed to make decisions on behalf of an individual regarding financial matters, healthcare and welfare but they differ in the path taken to appoint them.
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Why investors should always consider setting up an LPA
A lasting power of attorney (LPA) enables investors to allow another nominated individual to take responsibility for their financial matters in the event that they find themselves with diminished mental capacity..
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Our Article Published In the Businessline Newsletter
Lasting powers of attorney can help you keep your business afloat should anything happen to you preventing you from managing the day-to-day operations.
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