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One Lasting Power of Attorney was £285 now £235. Two Lasting Power of Attorney was £350 now £300 plus registration.
Lasting Power of Attorney
Do you desire the assurance of having someone you know and trust in charge of your affairs during times of vulnerability, when you need them the most?
Guide to Enduring Power of Attorney
There are circumstances in life where individuals find themselves unable to manage their own affairs. In the event that you become incapable of handling your affairs due to mental or physical incapacity, an Enduring Power of Attorney (EPA) grants you the ability to designate one or more trusted attorneys who can assist in managing your affairs on your behalf.
By establishing an Enduring Power of Attorney, you are effectively entrusting a person or persons to make decisions and handle your affairs during periods of incapacity.
It is important to note that Enduring Powers of Attorney are not limited by age. Any individual over the age of 18 has the ability to create one, and individuals of the same age or older can be nominated as attorneys. There is no requirement for you to be currently unwell or incapacitated in order to initiate an Enduring Power of Attorney.
The primary principle governing an Enduring Power of Attorney is that your chosen attorney must always act in your best interests.
What are the two types of Enduring or Lasting Power of Attorney?
There are two distinct types of powers granted to an attorney: property and financial affairs, and health and welfare. It is important to clarify that attorneys are not permitted to make changes to your will.
Lasting Power of Attorney for Property & Financial Affairs
This empowers your attorney to handle tasks such as bill payments, managing bank accounts and investments, arranging and collecting benefits, and even conducting property sales on your behalf.
Lasting Power of Attorney for Health & Welfare
This enables your attorney to make decisions pertaining to your care, place of residence, and to give or withhold consent for life-sustaining treatment, among other health-related matters.
In addition to serving Stokesley, we are also proud to offer our services in Guisborough, Middlesbrough & Stockton.
What are the Benefits of Having a Lasting Power of Attorney?
Certain health conditions, such as dementia or Parkinson’s disease, can render decision-making nearly impossible. In the event that you experience a loss of physical or mental capacity, obtaining permission to handle your affairs can entail significant costs and consume substantial amounts of time for your family.
Without the necessary access, bank accounts held by the incapacitated individual can become severely restricted, potentially leading to dire consequences if those funds are needed to cover essential expenses.
Data protection laws further compound the difficulties faced by a spouse or family member trying to assist in such circumstances, as banks and service providers typically refuse to engage with anyone other than the account holder themselves.
In the absence of a Lasting Power of Attorney, bank accounts and investments may be frozen, bills may go unpaid, and property could face repossession or be unsellable by your family, should the need arise.
Why are more individuals turning to a Lasting Power of Attorney?
While many people prepare a will to address matters after their demise, the increasing longevity of individuals and the need for care have prompted a growing number of individuals to establish a Lasting Power of Attorney. This proactive step ensures that your unique needs are prioritised by those whom you trust the most.
By entrusting life decisions to individuals who know you intimately and enjoy your utmost trust, your wishes remain relevant. It prevents situations where doctors or local authorities must make decisions on your behalf, potentially disregarding your desires.
When physically incapable, your attorney can act based on your guidance, allowing you to maintain control over decisions. It is only if you become mentally incapable that your attorney assumes the role of decision-maker.
Contact us today, and our Stokesley based team will assist you in completing all the necessary Lasting Power of Attorney forms while providing guidance and support throughout the entire process.
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