Affinity Financial Awareness -
Care Division
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Lasting Powers of Attorney
We do not
like to consider the possibility of being incapable of managing our
affairs; still less actually making plans for such an eventuality. Yet
putting a Lasting Power of Attorney (LPA) in place before an emergency
arises will save heartache, money, and assure peace of mind for all. It is important
that a Lasting Power of Attorney specific to your needs be arranged, again
with an eye on long term care.
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A Lasting
Power of Attorney will enable a relative or close friend to act on your
behalf in the event that you lose the ability to manage your own financial
affairs, whether through mental or extreme physical disability. This can
range from writing cheques to selling properties. You can have more than
one Attorney, either acting together or independently. A Lasting Power of
Attorney should not be confused with a Power of Attorney, which will cease
at the onset of mental disability. But remember, a Lasting Power of
Attorney must
be in place before the
onset of mental disability to be effective and as well as a witness, you
will require a Certificate Provider to certify that you are of sound mind
and fully understand the implications of the LPA when you sign it.
Further, an LPA cannot be used until it has been registered by the
Office of the Public Guardian.
There are
two types of Lasting Powers of Attorney: an LPA Property & Financial Affairs
is in relation to your financial affairs, so your attorneys will be able to
act for you in relation to making and receiving payments, buying and
selling property and investments, etc.; a Health & Welfare LPA gives
your attorneys authority to make decisions on your behalf if you can no
longer make these yourself on subjects such as which nursing home you
should live in, the level of care you are to receive, which social or
cultural activities you should partake in, consenting to any medical
treatment, etc.. If you wish, you can also grant your attorneys power to
make decisions regarding life-sustaining treatment.
You can
choose to have one or both types of LPA.
We are
pleased to tell you that Affinity Financial Awareness offers a full Lasting
Power of Attorney service.
A Lasting Power of Attorney can be arranged for as little as £95.
Please use our contact form to obtain
help and information.
