
This article is sponsored by Ison Harrison Solicitors.
A Lasting Power of Attorney (LPA) can help give you and your family peace of mind should anything happen to your health later in life.
Ison Harrison Solicitors in Harrogate provides expert advice on how to set one up and is offering 20% on all LPAs for a limited time.
What Is A Lasting Power of Attorney & Why Do You Need One?A Lasting Power of Attorney (LPA) allows you to appoint one or more people whom you trust, together or separately, to act on your behalf in the event that you are unable to do so yourself.
One of the biggest motivators for organising an LPA is the possibility of losing mental and physical capacity later in life. With around 900,000 people currently living with dementia in the UK – and an expected increase to 1.6 million by 2040 – it's important to put plans in place early on so your best interests are looked after by someone you trust.
If you do not have an LPA, it may be that an application has to be made to the courts for a deputy to be appointed and this is a complex, costly and time-consuming process.
What types of LPA are there?There are 2 types of LPA:
- Health & Welfare
- Property & Financial Affairs
It is often advisable to set up a health and welfare LPA and a property and financial affairs LPA at the same time, as this ensures both elements are taken care of and gives you peace of mind for the future.
Once an LPA has been executed, it will last indefinitely.
What are the benefits of making an LPA?
Most importantly, you will be taking a prudent step towards safeguarding against future problems for your loved ones whilst also ensuring you have put plans in place for your future whilst you are of sound mind and health. None of us know what the future holds, and just like making a will is important, so too is making a Lasting Power of Attorney, yet the latter is often overlooked.
How long does the process take?Typically, it can take up to 12 weeks to register an LPA. It is always advisable to get legal advice before proceeding with the process.
Ison Harrison Solicitors specialise in wills, probate and lasting power of attorneys.
Wills & Probate expert at Ison Harrison, Rebecca Austin, said:
0