Your Colwyn Bay Online Directory and Community
Best of the Bay is Working in partnership with the bay of colwyn bussiness network

Why you should make lasting powers of attorney
IMAGE

If there is one thing which we have learnt during this pandemic, it is that we should never take anything for granted. At some point over the last few months, most of us feel that we haven’t had complete control over our lives. However, there are some ways we can begin to take control again including Lasting Power of Attorney. But what is this and how can it benefit you? Your solicitors Chester can offer you further advice. 




What is Lasting Powers of Attorney?


We cannot predict your future, so LPAs means you can have peace of mind knowing that when you cannot look after your affairs yourself, your loved ones can keep on top of it for you. 


There are two different types of LPAs which mean you can select another person or more than one other person to organise your affairs in two different areas. One can look after your health and welfare whilst the other deals with your property and financial affairs. 


You can plan your LPAs at any point in your life, but you must have sufficient mental capacity. These are very important documents which every adult should ensure they have in place just in case anything happens including accidents, strokes, illness or a brain injury. 




What decisions can someone make with Lasting Power of Attorney?


Under the health and welfare LPA, the appointed attorney can continue with your wishes and when it is necessary to make appropriate decisions on where you live, what care you receive, and what medical treatment you have. Once you have registered this, it will only come into place when you lose your mental capacity. 


With property and financial LPA, your appointed attorney can take control of your property and finances. This includings claiming any benefits on your behalf, managing your bank accounts, paying bills, selling any investments, selling or renting your properties and so on. This LPA can be used at any point when it is needed. 




Who can I choose as my attorney?


You have the right to choose anyone as your attorney. A member of the family, a friend, or a professional like a solicitor - but it is very important that you choose someone you trust. The role does come with a lot of responsibility, so it may be a better idea to choose two who can work together. They must be very loyal and have only your best interests at heart. 


It is usually a good idea to choose someone younger than yourself as your attorney. Also, a lot of people do not realise that a spouse will have no power to deal with them on your behalf without an LPA in place. 


When creating your power of attorney you need to set a guidance or restrictions on how decisions can be made. You will need your chosen person(s) to sign following a discussion on the matter. 


Archives


 

Partner Sites

UK Travel Blog

North Wales Webcams

brenig construction

Bay of Colwyn Business Network Banner

part of the Livetech Group 2000-2010 celebrating 10 years service
mini community

this is a  

powered by the minisite web design platform