Peace of mind with a
Lasting Power of Attorney
For Families in Rushdon and Northamptonshire, Cambridgeshire, Befordshire and surrounding areas.
Providing you with…
Property & Financial Affairs Lasting Power of Attorney &
Health & Welfare Lasting Power of Attorney
What is Lasting Power of Attorney?
A Lasting Power of Attorney is a legal document that allows you to appoint one or more people to make decisions on your behalf during your lifetime.
The people you appoint to manage your affairs are called the Attorneys. A Lasting Power of Attorney is a completely separate legal document to your Will, although many of our clients put them in place at the same time as getting their Will written, as part of wanting to plan for the future.
Why should you consider a Lasting Power of Attorney?
If you have a Lasting Power of Attorney in place, you can have peace of mind that there is someone you trust to look after your affairs if you became unable to do so yourself during your lifetime. This may occur, for example, because of an illness or old age or an accident.
Having a Lasting Power of Attorney in place can allow your attorney to have authority to deal with your finances and property, as well as make decisions about your health and welfare.
Your Lasting Power of Attorney should reflect your particular wishes so you know that the things that matter most would be taken care of.
Cost of Lasting Power of Attorney from £200
We offer package deals for undertaking multiple Wills and LPA’s at the same time, just ask for details.
When can I put a Lasting Power of Attorney in place?
You can only put a Lasting Power of Attorney (LPA) in place whilst you are capable of understanding the nature and effect of the document i.e. you have the required legal capacity. After this point, you cannot enter into a LPA and no one can do so on your behalf.
Many people don’t know that their next of kin has no automatic legal right to manage their spouse’s affairs without a Lasting Power of Attorney in place, so having to make decisions on their behalf can become prolonged and significantly more expensive.
The best solution is for couples to have ‘Mirror’ (identical) Lasting Powers of Attorneys because these documents would allow them to appoint each other to make decisions about each other’s financial affairs and health issues; should one of them lose capacity to do so.
What Happens Without a Lasting Power of Attorney?
Without a Lasting Power of Attorney (LPA) in place, there is no one with the legal authority to manage your affairs, for example, to access bank accounts or investments in your name – or sell your property on your behalf. Unfortunately, many people assume that their spouse, partner or children will just be able to take care of things – but the reality is that simply isn’t the case.
In these circumstances, in order for someone to obtain legal authority over your affairs, that person would need to apply to the Court of Protection and the Court will decide on the person to be appointed to manage your affairs. The person chosen is appointed your ‘Deputy’. This is a very different type of appointment, which is significantly more involved and costly than being appointed attorney under an LPA.
If you wish to have peace of mind that a particular person will have the legal authority to look after your affairs and you want to make matters easier for them and less expensive, then you should strongly consider getting a Lasting Power of Attorney in place.
Two Types of Lasting Power of Attorney Explained
The types of Lasting Power of Attorney that are available under English law:
- Health and Welfare Lasting Power of Attorney
- Property and Financial Affairs Lasting Power of Attorney
Health and Welfare Lasting Power of Attorney
A Health and Welfare Lasting Power of Attorney (LPA) allows you to name Attorneys to make decisions about your healthcare, treatments and living arrangements if you lose the ability to make those decisions yourself. Unlike the Property and Financial Affairs LPA, this document will only ever become effective if you lack the mental capacity to make decisions for yourself.
If you can’t communicate your wishes, you could end up in a care home when you may have preferred to stay in your own home. You may also receive medical treatments or be put into a nursing home that you would have refused, if only you had the opportunity to communicate yourself; and this is when your attorney, appointed by the Lasting Power of Attorney, can speak for you.
Property and Financial Affairs Lasting Power of Attorney (LPA)
This type of Lasting Power of Attorney allows you to name Attorneys to deal with all your property and financial assets in England and Wales.
The Lasting Power of Attorney document can be restricted, so it can only be used if you were to lose mental capacity, or it can be used more widely, such as if you suffer from illness, have mobility issues, or if you spend time outside the UK.
Business Lasting Power of Attorney
You need to consider, if you are a business owner, what would happen to your business if you lost the ability to deal with your own business affairs and make decisions.
What if you have a business bank account in your name as a sole trader, or joint bank accounts with other business owners which require the signatures of all the named account holders?
How would your business finances and affairs be managed on a daily basis in the event of an accident or illness?
A number of problems could arise, such as the impact on your customers being unable to access your products or staff or perhaps creditors not being paid.
By having a Business Lasting Power of Attorney in place could mean the difference between your business continuing or not.
Benefits of Writing a Lasting Power of Attorney with Sharpe’s Will Writing Service
- We have been providing Will Writing Services for over 20 years in Bedford and Northamptonshire.
- We provide a personal face to face service with due time and consideration given to your specific needs.
- We have chosen to be self-regulated by The Institute of Professional Will writers for our clients’ reassurance that we are qualified experts in our chosen field.
- You will be assigned a dedicated LPA specialist to look after you throughout the process.
- A full assessment of your needs and explanation of your options
- We prepare all the necessary Lasting Power of Attorney documents for you to sign
- Fixed fee prices agreed upfront before any work on your LPA starts
There are 4 simple steps to completing your Will with us.
1. Book an appointment
Call us on 01933 588 016 or complete the following form and we will call you back to arrange a time that suits you. We will also provide you with the things you will need to consider before the appointment.
2. Discuss your circumstances.
During your appointment, we will discuss your circumstances and wishes you would like to include in your Will. This typically takes 30-45 minutes.
3. Review the draft.
You will receive a draft of the Will to review to ensure you’re happy and understand the contents. You may have some questions we will help answer and make any required revisions.
4. Sign and complete.
Once you’re happy with the Will, sign it to make it legally binding.
Lets get something in the calendar…
What our Clients say…
Accredited & Qualified Will Writers.
Where we operate.
Do you live in or near the following towns or counties?
- Higham Ferrers
- St Neots
Even if you’re not in our local vicinity, we can still help ensure your peace of mind with our estate planning services. Get in touch today.