Wills & Estates – Power of Attorney Solicitors
Power of Attorney Solicitors
Managing your affairs in later life can become more difficult so it is wise to nominate someone whom you trust to look after your affairs, should the time come when you become mentally or physically incapacitated.
A Lasting Power of Attorney (LPA) enables you to choose who you would like to manage your property, financial and general affairs should you become unable to do so yourself, and gives that person the measure of power that you define. Your choice of attorney can be altered at any time, but comes into play either when you choose or when your mental health declines.
LPAs can extend beyond dealing with your financial affairs to personal welfare matters and decisions, if you so wish. You will also be able to place restrictions on what exactly your attorney can deal with, such as property or restricting medical decisions. You can give them power to decide on issues such as where you will live and what care and medical treatment you will receive. They may also give or refuse consent to carrying out or continuing particular medical treatment according to your wishes, although they cannot act if you are still capable of making those decisions for yourself.
An important thing to remember when organising a Lasting Power of Attorney is that they must be registered with the Office of the Public Guardian before the LPA comes into effect, which can take up to 5 months.
At MJP Law, our expert solicitors can offer you advice on your choice of attorney or joint attorneys, the appropriate level of authority or amount of power, restrictions you would like to impose and the duties of attorneys.