All of us should consider a time in the future when we might not be able to make our own decisions. A Lasting Power of Attorney (or “LPA”) could be seen as an insurance policy, in that it is something that everyone hopes will never be needed, but it is better to have it just in case.
A Lasting Power of Attorney (LPA) allows you to appoint someone you trust to make decisions on your behalf and in your best interests, should you be unable to do so yourself. Without an LPA, a family member would have to apply to the Court of Protection for a Deputyship order – a very restrictive form of authority to deal with your affairs, which is bestowed only after a lengthy and expensive process.
We can advise you on how an LPA can help and we can put LPAs in place for you, including Business LPAs for the continuity of your business in the event of you being unable to manage due to a temporary or permanent loss of capacity. This allows key decisions to be made in your absence by trusted, key personnel who understand the management and operational strategies for the company.