Altrincham Lasting Powers Of Attorney
Why is an Altrincham Lasting Powers of Attorney (LPA) such an important document? We should all have one in place. Without it, life can become very difficult.
The law says that if you lose capacity due to illness or injury, then the court – under a deputyship order – will be put in charge of managing your affairs. This will be expensive and time-consuming for your family, and they will lose control of your affairs. Imagine if your loved ones were unable to renew car or home insurance, unable to pay bills, or even to draw an income out of your savings.
Altrincham Power of Attorney
As you get older, it is more likely that you will lose the ability to manage your affairs at some point. An Altrincham Lasting Powers of Attorney review will let you choose who you want to manage your affairs if that happens.
An attorney can make decisions on your property and financial affairs and also on any health and welfare decisions relating to you. Most people think that a joint bank account is sufficient to reduce this risk. That is wrong. When a bank or financial institution becomes aware that you have lost capacity, your assets will be frozen, and joint finances can no longer be used by your partner or spouse.
Lasting Powers of Attorney Altrincham
How would you feel if you lost control of your financial affairs and your family needed to apply to the court to get back control?
- Who would take care of your affairs if you were unable to?
- How would you feel if you were a burden on your loved ones?
Book your FREE one hour Altrincham estate planning review today, and our qualified estate planning team will talk you through the process and explain how it works. Call our Altrincham IFA and Altrincham financial planning team today on 0161 464 9122.