Powers of Attorney
With a Power of Attorney in place, you control who makes decisions on your behalf if you should ever lose the capacity to do so yourself.
Make sure your Health & Welfare and Financial interests are looked after by those you trust.
Let The WillMaker Group guide you through the process of setting up Powers of Attorney, allowing your loved ones to access your finances and speak with health professionals if you become incapacitated or ill.
Putting You & Your Family First
Powers of Attorney
To get a FREE quote from The Will Maker Group, contact us on 01362 288582 or fill in the form below.
Power Of Attorney
Should i set up my Lasting Power of Attorney (LPA’s) now? I feel fine and have no medical issues.
Its not just in old age when you may need powers of attorney in place. Accident, Stroke, Cancer and many more medical conditions, could mean that you lose capacity to make your own decisions and therefore financial accounts and the right for your family to make choices on your behalf could be frozen.
Powers of Attorney must be set up whilst the donor still has capacity. It will be too late if capacity is already lost and then your loved ones will have to apply for a deputyship (which can take nine months and cost thousands of pounds)
There are 2 types of Power of Attorney:
Health (Medical) Power of Attorney & Property & Financial Power of Attorney.
To find out what our lasting power of attorney fees are please call us or click on the link below.
Power Of Attorney Information
Why do I need Lasting Powers of Attorney (LPAs)?
If you lose capacity, protections are put in place to ensure that you cannot be taken advantage of. Financial Institutions will freeze accounts and medical and care practitioners will not discuss your care. This can cause your loved ones extra stress and upset at an already traumatic time.
Choose trusted family or friends now, who will look after your best interests and reduce the burden on them, at what will be an already upsetting and stressful time.
LPA Vs Deputy Order
LPA
Deputy Order
You're in control of who acts on your behalf
The court appoints a deputy, potentially not the person you'd choose
Takes 8-12 weeks
Takes 4-6 months
Lower initial cost, with one-time payment
Higher initial cost, plus annual supervision fees
Attorneys can make decisions about both wellfare and finances
Deputies are usually only responsible for finance decisions
Setting Up A Powers Of Attorney
Let us help guide you through the process of setting up Powers of Attorney, allowing your loved ones to access your finances and speak with health professionals if you become incapacitated or ill. Without Lasting Powers of Attorney in place your loved ones will have to go through a complex and protracted process (up to 9 months) with the court of protection, costing thousands of pounds, which could make things very difficult for a spouse, partner or children.
Setting up a Financial Power of Attorney or a Health and Welfare Power of Attorney allows someone that you trust to act on your behalf should the need arise and would ensure that your loved ones can continue to look after you and your finances. Your chosen person (attorney) can then manage your affairs in your best interests. This could be in the long term or until such time that you are able to take up the reins again yourself.
There are two types of Lasting Powers of Attorney (LPA), both of which The WillMaker can help you with:
A Property & Affairs LPA
This allows your nominated person to:
- Manage your finances and property
- Make sure your bills are paid
- Make decisions about your assets, financial investments, property and bank acounts.
A Health & Welfare LPA
This allows your nominated person to:
- Make decisions about your medical treatment
- Decide whether it’s best for you to continue to live at home or if residential care would be more appropriate.
- Speak with care providers and medical practitioners and make end of life decisions
If you haven’t set up your Financial Power of Attorney or Health and Welfare Power of Attorney, your loved ones may have to pay out a lot of money on your behalf. The Court of Protection would have to appoint a deputy to manage your affairs, which is both time-consuming and costly.
A Lasting Power of Attorney will avoid the distress of a delay and also preserve your assets to pay for the care you may need in the future.
The NHS have provided this GUIDE onLasting Powers of Attorney
With The Will Maker, setting up a Power of Attorney is a straightforward process. Simply call us on 01603 927273 and we can give you more details or leave your details by clicking the button below.
