Knutsford Lasting Powers Of Attorney
Why is your Knutsford Lasting Powers of Attorney (LPA) such an important document? Why should we all have one in place. The answer is, that without it, your life can become very difficult.
The law says that if you are in the position of losing your capacity due to illness or injury, then the court – under a deputyship order – is put in charge of managing your affairs. This is expensive and time-consuming for the family, and they will lose their control of your affairs. Imagine if your loved ones could not renew home or car insurance, were left unable to pay bills, and could not even draw an income from your savings?
Knutsford Power of Attorney
As the years go by, it is increasingly likely that you will eventually lose the ability to manage your affairs. A Knutsford Lasting Powers of Attorney review will put you in the position where you can choose who you want to manage your affairs if that ever happens to you.
An attorney can make decisions on your health and welfare, property and financial affairs. Most people think that a joint bank account is going to mean their spouse gets their money if anything happens. That is not true. As soon as a bank or financial institution is made aware that you have lost capacity, your assets are frozen, and so joint finances can not be used by your partner or spouse.
Lasting Powers of Attorney Knutsford
How would you feel if you lost control of your affairs and your family had to apply to the court to take back control?
- Who would you want to take care of your affairs if you were unable to?
- How would you feel if you ended up as a burden on your loved ones?
Book your FREE one hour Knutsford estate planning review today, and our qualified estate planning team will talk you through the process. Call our Knutsford IFA and Knutsford financial planning team today on 01565 817122.
