The Benefits of making an LPA?
If you lose mental capacity, perhaps because of a serious accident or illness, or the onset of some form of dementia; if you have not made your Lasting Powers of Attorney (LPA), your family, friends or others will need to apply to the Court of Protection to be able to make a decision on your behalf. This process will undoubtedly be lengthy, demanding, stressful and very costly for your family, friends and carers.
Remember, losing your mental capacity can occur at any time, to anyone, at any age. But beware, once you have lost mental capacity – for whatever reason – it’s too late. You and your family will have lost the opportunity to arrange your Lasting Powers of Attorney, and the only route to managing your affairs will be through the Court of Protection.
The benefits of making your LPA now are clear:
It can be very reassuring to know that if you lose mental capacity and are unable to make decisions for yourself at some time in the future, then the people you trust, and have chosen to be your Attorneys, will make these decisions for you.
2. The least costly and efficient method
Making your Lasting Powers of Attorney now will make it easier for your family and friends to manage your affairs in the future, when you no longer can. The alternative route for them to get the authority to act on your behalf, through the Court of Protection, will undoubtedly be much more difficult, time-consuming, and expensive.
3. Making your LPA will enable you to start discussions with loved ones
The process of making your Lasting Powers of Attorney will provide the ideal platform for you to start discussions with your family and friends about what you want to happen in the future, and who should look after you, when you no longer can.
4. Peace of mind
Making your Lasting Powers of Attorney will ensure that the people you want to make decisions about your finances and welfare will be able to do so. This prevents a stranger, or someone you may not trust, from having this power.
5. Relieve your loved ones of the stress of dealing with the courts
By making your Lasting Powers of Attorney you will undoubtedly be relieving your loved ones of the necessity of making application to the Court of Protection to dictate how your affairs should be managed.
The process of dealing with the courts is time-consuming, stressful, demanding, lengthy and very expensive – and unnecessary if you make your LPA now. You will undoubtedly save thousands of pounds by doing so.
If you would like more information on how Abbey LPA could help you to make your Lasting Powers of Attorney, or if you wish to arrange a free home consultation, please do not hesitate to call us on 01773 443301. We look forward to hearing from you.