We take out insurance for many parts of our lives - cars, phones, homes, medical expenses. But what about "insuring" against your sudden loss of capacity to administer your own affairs?

What is a Lasting Power of Attorney?

A Lasting Power of Attorney (LPA) enables people you trust to take over running your affairs if you become incapacitated through illness, a serious accident, a mental health issue or dementia. These people can be friends, relative or a professional who can look after your finances, pay your bills, and take decisions on your behalf about your health and care, avoiding unnecessary stress and anxiety for your family.

Call Us to create your Lasting Powers of Attorney today. 

Who needs a LPA?

EVERYBODY should create LPAs for themselves, regardless of their age or state of health. You should also do it as soon as possible, as:

• You need to have the mental capacity to create it yourself
• Your mental capacity will need to be confirmed by an independent person
• There is typically a 12 week waiting period for any LPA to be registered with the Office of the Public Guardian

Why you actually need TWO Lasting Powers of Attorney

There are two types of LPAs:

• Health and Welfare
• Property and Finance

One gives your appointed Attorneys access to your financial affairs, and the other helps them make decisions for your physical health and wellbeing, including decisions regarding care. 

Lasting Power of Attorney forms are important documents that must be completed correctly, certified by someone who knows you, and be properly registered before they come into effect. At Panthera Estate Planning, we can help you create, certificate and register your LPAs - Call Us for details.

LPAs – there when you need them most

The unique aspect of an LPA is that it’s there when you need it and can be ‘turned off’ when you don’t need it. So, if you are incapacitated for a period of time after an accident, for example, the LPA can be in force until you are well enough to take on your own affairs again.

Business Power of Attorney

For more information, see our Business Succession page.

Want to read more?

Check out our Lasting Power of Attorney guides, or Call Us to discuss "mirror" LPAs for you and your spouse/partner. Like so many other insurance policies, LPAs protect your interests when you are least able to do so yourself.