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| Article by Sharon Brown |
There are two types of Lasting Power of Attorney (LPA);
one to cover health and welfare issues and one to cover your property and
financial affairs.
Many people are not aware of what a Power of Attorney
is and, even those that are often assume it is only elderly people or those
suffering from illnesses such as dementia, who need to make an LPA. This could not be further from the truth.
There are many health conditions that can leave you
without sufficient mental capacity to manage your affairs. Furthermore, you could be the victim of an
accident at any time, regardless of how old you are.
In particular, if you are a sole trader and lost
mental capacity, no-one would be able to run your business on your behalf.
If you are a single parent, no-one would be able to
access your money to provide for your children.
If you are in a high-risk job (such as the fire
service) or enjoy high-risk hobbies (such as extreme sports) you have likely
been advised to make a Will, but a Power of Attorney is just as important.
For a free half an hour appointment to discuss your
personal circumstances and why you should make a Power of Attorney, telephone
me on 01992 422128 or email Sharon@gardenhousesolicitors.co.uk
“It’s never too early, but it can be too late”.
Connect with me on LinkedIn
Follow me on Twitter
www.gardenhousesolicitors.co.uk
Tel: 01992 422 128
Email: info@gardenhousesolicitors.co.uk
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
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ReplyDeleteWell, it's really important. Indeed. My father was a fire fighter and he died while saving lives when I was ten or something. And he left only the Will. And my mother had really hard times trying to get her money without a Power of Attorney. Now, working at the lord of papers i know how important it is. I wish i knew it before
ReplyDeleteWhat if you have an attorney, but he is not doing anything to move your case forward? Most people think the best answer is - fire him! However, there may be a better way. famous criminal defense law firm at Los Angeles
ReplyDeleteFor example, they're relied upon to guarantee you have a will and, provided that this is true, know its arrangements. The principle explanation behind this is that your attorney should not sell or move property that is dependent upon a particular blessing in the will, except if vital. theocpiattorney.com
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