Manchester Lasting Powers Of Attorney
Why is a Manchester Lasting Powers Of Attorney (LPA) so important? They are the legal documents we should all have in place, as without them our life can get very difficult.
The law simply states that should you lose capacity due to illness or injury, then the court under a deputyship order will manage your affairs. This is expensive and time-consuming for your family and effectively you have lost control of your own affairs. Imagine not being able to renew car or home insurance, your loved ones being unable to pay bills, or indeed get an income from your bank.
As we get older it is far more likely that we may well lose the ability to manage our own affairs at some stage. A Manchester Lasting Powers Of Attorney review allows you to choose who you would want to manage your affairs.
An attorney can make decisions on your property and affairs and also on your health and welfare decisions. Most people think that joint bank accounts will be okay to reduce this risk. That’s wrong. Once a bank or financial institution becomes aware you have lost capacity your assets are frozen and will not be able to be used by your spouse/partner.
How would you feel if you lost control of your own affairs and your family had to apply to court to get control?
Who would look after your personal affairs if you weren’t able to?
How would you feel if you became a burden on your loved ones?
Book a FREE one hour Manchester estate planning review today and our Manchester based qualified estate planning team will talk you through the process and how it all works. Call our Manchester IFA and Manchester financial planning team today on 0161 464 9122.