Warrington Lasting Powers Of Attorney
What is a Warrington Lasting Powers of Attorney (LPA) document? Why is it so important? We should all have one, as without it, life could become very difficult in the future.
The law says that if you lose your capacity due to illness or injury, then a court – under a deputyship order – is put in charge of managing your personal affairs. This will be expensive and time-consuming for your family members, and they will lose control of your finances. Imagine your loved ones being unable to renew insurances, being left unable to pay bills, or to even draw an income from your hard-earned savings.
Warrington Power of Attorney
As you get older, it is more likely that you will eventually lose the ability to manage your affairs. A Warrington Lasting Powers of Attorney review allows you to choose who you want to manage your finances and estate if this happens.
An attorney is authorised to make decisions on your behalf on property and financial affairs. They also take decisions on health and welfare matters relating to you. Most people think that having a joint bank account is enough to protect their money. However, when a bank or financial institution becomes aware of you having lost your capacity, your assets are frozen, and so joint finances cannot necessarily be drawn on by your spouse or partner.
Lasting Powers of Attorney Warrington
How would you feel if you lost control of your personal affairs and your family had to apply to a court to get control?
- Who would take care of your personal affairs if you could not?
- How would it make you feel if you were a burden on your family?
Book your FREE one hour Warrington estate planning review today, and our qualified estate planning team will talk you through the process and explain how it all works. Call our Warrington IFA and Warrington financial planning team today on 01925 396122.