Why make a Lasting Power of Attorney?
Life is unpredictable therefore at Broomhead & Saul we strive to help you plan for your future and anticipate all possibilities.
If you are worried about what might happen should you become unwell (or concerned about the consequences of frailty in old age) and in particular, who would manage your financial affairs or make decisions about your care or medical treatment – then you would be wise to consider making a Lasting Power of Attorney (LPA).
What is a Lasting Power of Attorney?
An LPA is a legal document that enables an individual (or donor) to appoint one or more persons (known as attorneys or donees) to make decisions on their behalf.
It only comes into effect if the donor loses the capacity to manage their own affairs.
There are two types of LPA:
- A Property and Financial Affairs LPA
- A Health and Welfare LPA.
It is entirely up to you whether you have one or both and we have the expertise and experience to advise you appropriately.
Will I lose control of my affairs?
You will still retain complete control over all your affairs after you complete your LPA. This full independent autonomy will continue for as long as you have the necessary mental capacity. Mental capacity is something that is governed by highly prescriptive statutory rules, designed to prevent the powers being misused.
It is only when you lose the capacity to make your own decisions that an LPA comes into effect; not before. It empowers your trusted and loved ones look after you, if and when the need should arise; not before.
Can I managing without?
Yes. However, if you do not set up an LPA and later lose the ability to manage your own affairs, then your nearest and dearest will be forced to make a formal application to the Court of Protection to ask the Court to appoint a deputy to discharge the same functions. We can assist in this but it is both time consuming and expensive and the delay can often prove stressful for your close relatives.
How can Broomhead & Saul help?
Broomhead & Saul have a vast amount of knowledge and experience in preparing LPA’s for numerous clients, gained over the decades. You are in safe hands at Broomhead & Saul.
Making an LP~A can offer real peace of mind and security for you and your family. We will meet with you at your convenience to discuss your personal needs and concerns on an individual basis. Then when you are happy we will prepare your Lasting Power of Attorney ready for you to sign. Relevant copies can then be made for your own personal records and the original stored by us.
Having a Lasting Power of Attorney in place will ensure that should you ever become unwell or unable to make important decisions then your chosen person or people will be able to look after you and your property without delay.
How much will it cost to make a Lasting Power of Attorney?
At Broomhead & Saul we will provide you with a transparent fixed fee quotation for preparing a Lasting Power of Attorney, one that is based on your individual personal needs. Our standard professional fee for a single LPA is £400 plus VAT.
To find out more or make an appointment to discuss your needs further, please contact:
or email email@example.com