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One Lasting Power of Attorney was £285 now £160. Two Lasting Power of Attorney was £450 now £320 plus registration.
Lasting Power of Attorney Stockton
Would you want to know that somebody you know and trust is in control of your affairs when you are at your most vulnerable and when you need them the most?
Lasting Power of Attorney Guide
Many people experience circumstances when they are unable to manage their own affairs. A Lasting Power of Attorney (LPA) is a legal document that enables you to name one or more attorneys of your choosing to assist in managing your affairs on your behalf, should you become unable to do so.
Essentially, by establishing a Lasting Power of Attorney, you are designating a person (or people) or public guardian to handle your affairs and make decisions on your behalf in the event that you become unable to do so due to a mental illness and if you lose mental capacity.
Anyone over the age of 18 can set up a Lasting Power of Attorney, and anyone over the age of 18 can be designated as an attorney. You can start a Lasting Power of Attorney without feeling ill or being temporarily incapable.
The first need for a Lasting Power of Attorney is that they always represent your best interests.
What are the two types of Lasting Power of Attorney?
An attorney has two different forms of authority: either making judgments regarding your property and financial affairs or making decisions regarding your health and wellbeing. It is not legal for attorneys to alter your will.
Lasting Power of Attorney over Property & Financial Affairs
This enables the attorney to handle banking and financial matters, arranging and collecting benefits, selling property on behalf of the donor, and paying debts.
Lasting Power of Attorney over Health & Welfare
This gives the attorney the authority to make decisions on behalf of the donor regarding things like care, housing, and whether to consent to life-sustaining treatment.
We cover the whole of Stockton On Tees, including Hartburn, Norton and Eaglescliffe.
For more information, please contact the Complete Estate Protection team today.
Why should I have a Lasting Power of Attorney?
Some medical problems, such as dementia or Parkinson’s disease, might make it hard for you to make decisions.
It can cost your family thousands of pounds and take a long time to get permission to handle your affairs if you lose physical or mental capacity.
Without the required access, bank accounts held by the incapacitated person could have their access severely restricted, which could cause more problems if you depend on those funds to pay your expenses.
Because all banks and service providers would only work with the account holders directly, it would be impossible for a spouse or other family member to assist in these situations due to data privacy rules.
Without a Lasting Powers of Attorney, investments and bank accounts are frozen, debts may not be paid, and property may be repossessed or cannot be sold by your family in case of need.
Why are more people turning to an LPA?
Many individuals create wills as insurance in the case of death, but as people live longer and require care, establishing a Lasting Power of Attorney guarantees that your unique needs are prioritised by the people you trust the most.
It is advisable to entrust important life decisions to the individuals you know and trust the most. If a medical professional or the local government must make those decisions on your behalf, your wishes will no longer matter.
If you are physically unable to make decisions for yourself, your attorney can act on your behalf, allowing you to maintain control. Only in the event of your mental incapacity would your lawyer act as your representative.
Get in touch with us right away, and we’ll assist you in completing all necessary Lasting Power of Attorney forms and guiding you through the procedure.
If you are physically unable to make decisions for yourself, your attorney can act on your behalf, allowing you to maintain control. Only in the event of your mental incapacity would your lawyer act as your representative.
Get in touch with Complete Estate Protection right away, and we’ll assist you in completing all necessary Lasting Power of Attorney forms and guiding you through the procedure.
Contact us today for more information
For Lasting Power of Attorney Services in Stockton, Call Today
If you would like to have a no-obligation discussion about what is open to you, please do not hesitate to get in touch.
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