Seen as something to get granddad when he starts to lose his marbles, a lasting power of attorney is far from a way to keep the gas bill paid. A lasting power of attorney ensures that your finances will be looked after if you lose the capacity to handle things yourself. For example a car crash may leave you physically unable to pay bills, complete purchases, deal with emergencies, or even to pay for the basics. Going into a coma is a similar situation, as is having a stroke.
A lasting power of attorney should be seen as part of a basic pack which every family should have. We are able to advise you on how to set one up, draft it for you and then submit it to be registered. The property and financial affairs LPA is the most common, while a health and welfare LPA deals with issues such what should happen when life support is required.
LPA's are very complicated forms - not so much as in completing them, but in the subtlety involved in what to write for restrictions, or in how your attorneys should be appointed. Luckily, Oliver's Wills is very cost effective, so please call us with your query! Thanks for reading!
A lasting power of attorney should be seen as part of a basic pack which every family should have. We are able to advise you on how to set one up, draft it for you and then submit it to be registered. The property and financial affairs LPA is the most common, while a health and welfare LPA deals with issues such what should happen when life support is required.
LPA's are very complicated forms - not so much as in completing them, but in the subtlety involved in what to write for restrictions, or in how your attorneys should be appointed. Luckily, Oliver's Wills is very cost effective, so please call us with your query! Thanks for reading!
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