POWERS OF ATTORNEY

A Lasting Power of Attorney (LPA) is a critical legal document that ensures your health and financial decisions are made by someone you trust, in case you're unable to make those decisions yourself due to an accident or illness.


Having LPAs in place is essential for safeguarding your well-being, your assets, and ensuring that your wishes are respected when you can no longer advocate for yourself.


Why are LPAs Important?

  1. Maintain Control Over Your Future: By establishing an LPA, you can choose who makes decisions about your health care and finances, ensuring that those you trust are in charge.
  2. Avoid Court-Ordered Decisions: If you become mentally incapacitated without an LPA, your family may need to apply to the court to appoint someone to manage your affairs. This process can be costly and time-consuming.
  3. Timely and Efficient Decision-Making: With an LPA, your chosen attorney can immediately step in to make decisions regarding your medical care or financial matters, ensuring that your needs are met quickly and appropriately.
  4. Peace of Mind for You and Your Family: Knowing you have a plan in place for your future care and finances gives you and your loved ones peace of mind, knowing that things will be handled according to your wishes.


The Risks of Not Having Lasting Powers of Attorney (LPAs)

Failing to create Lasting Powers of Attorney can lead to unnecessary challenges and risks for both you and your family:

  1. Loss of Autonomy: Without an LPA, you forfeit the ability to decide who will manage your affairs. The court may appoint someone you wouldn’t have chosen to make decisions about your health and finances.
  2. Family Conflict: Without an LPA, your family may have to make difficult decisions without clear guidance, leading to emotional stress and potential disagreements over what's best for you.
  3. Legal Delays and Expenses: If you don't have an LPA, your family may need to apply to the Court of Protection to appoint someone to manage your affairs. This process can take time, cost money, and delay important decisions.
  4. Financial and Care Challenges: Without an LPA for financial matters, your loved ones might struggle to manage your bank accounts, pay bills, or access your assets, which could lead to financial instability.


Protect Your Future with a Lasting Power of Attorney (LPA)

Creating a Lasting Power of Attorney ensures that your health care and financial decisions are handled by trusted individuals. Whether it's protecting your assets, managing your finances, or ensuring that your medical care aligns with your values, LPAs are vital in preparing for the unexpected.


Contact us on info@cornwallwills.co.uk for more information