Why Should I Have a Lasting Power of Attorney in Guisborough?

Certain health conditions like dementia or Parkinson’s disease can render decision-making virtually impossible.

In the event that you lose physical or mental capacity, it can be both financially burdensome and time-consuming for your family to obtain the necessary permissions to handle your affairs.

Without the necessary access, bank accounts held by the incapacitated person can become severely restricted, which can have devastating consequences if those funds are needed to cover bills and expenses.

Data protection laws make it extremely challenging for a spouse or family member to assist in these circumstances, as banks and service providers will typically refuse to deal with anyone other than the account holders themselves.

Without a Lasting Power of Attorney in place, bank accounts and investments may be frozen, bills may go unpaid, and there could be risks of property repossession or an inability to sell property when needed.

Why Are More People Turning to an LPA?

While many individuals create a will to prepare for death, the increasing number of people living longer and requiring care has led to a growing trend of setting up Lasting Powers of Attorney. This ensures that your individual needs are prioritized by those whom you trust the most.

It is best to entrust life decisions to the people who know you and whom you trust. Your wishes become irrelevant if a doctor or the local authority has to make decisions on your behalf.

By appointing an attorney, you can still retain control over decision-making even if you are physically incapable, as your attorney will act based on your direction. It is only in cases of mental incapacity that your attorney will make decisions on your behalf.

Contact us today, and we will assist you in completing all the necessary Lasting Power of Attorney forms and provide support throughout the process. We are here to help residents of Guisborough take control of their future.