Wilmslow Lasting Powers Of Attorney
- What is a Wilmslow Lasting Powers of Attorney (LPA)?
- Why is it important to have one?
- How could life become very difficult without it?
The law says: if you lose your capacity due to injury or illness, then a court is put in charge of all your personal affairs under a deputyship order. This is expensive for your family members and stressful as they lose control of your finances.
Imagine if your loved ones could not renew insurances; could not pay the bills, and could not even draw an income out of your hard-earned savings.
Wilmslow Power of Attorney
The risk of losing the ability to manage your personal affairs increases as you get older. You want someone you trust to take care of your finances if you cannot. A Wilmslow Lasting Powers of Attorney review allows you to choose exactly who you want to manage your finances and estate if you lose capacity.
Your attorney is authorised to make decisions on your behalf. They can manage your property and financial affairs, and also assist with health and welfare matters relating to you.
A joint bank account is not going to be enough to protect your money for your spouse. If a financial institution becomes aware that you have lost your capacity, they will freeze your assets. Joint finances cannot be drawn on by your spouse or partner if that happens and so you need someone to be formally appointed. Would you like your family to have to apply to a court to get at the money that was rightfully theirs? It’s time to think about your Wilmslow Lasting Powers of Attorney.