Liverpool Lasting Powers Of Attorney
Why is a Liverpool Lasting Powers of Attorney (LPA) such an important document? We should all have one in place, as without it your life can become very difficult.
The law states that should you lose capacity due to illness or injury, then the court – under a deputyship order – will be in charge of managing your affairs. This will be very expensive and time-consuming for your family and they will have lost control of your affairs. Imagine your loved ones being unable to renew car or home insurance, being unable to pay bills, or even draw an income from your savings.
Liverpool Lasting Powers of Attorney Specialist
As you get older, it becomes more likely that you will lose the ability to manage your own affairs at some point. A Liverpool Lasting Powers of Attorney review will allow you to choose who you want to manage your affairs.
An attorney is able to make decisions on property and financial affairs and also on health and welfare decisions relating to you. Most people think that a joint bank account will be sufficient to reduce this risk. Quite simply that is wrong. Once a bank or financial institution is aware you have lost capacity, your assets will be frozen, and joint finances cannot be used by your spouse or partner.
Lasting Powers of Attorney Liverpool
How would you feel if you lost control of your personal affairs and your family needed to apply to the court to get take back control?
- Who would take care of your personal affairs if you were unable to?
- How would it make you feel if you became a burden on your loved ones?
Book your FREE one hour Liverpool estate planning review today, and our qualified estate planning team will talk you through the process and explain how it all works. Call our Liverpool IFA and Liverpool financial planning team today on 0151 601 5922.