Arranging lasting power of attorney (LPA) may not seem like a priority task as we go about everyday life. Understandably more urgent tasks nudge their way up the agenda. Yet LPA is essential in smoothing the way, should you find yourself in a situation where you need someone else to make decisions on your behalf.
Although it can take time to get things organised initially, LPA can provide you with peace of mind, knowing that someone you trust can make decisions if you don’t have the mental capacity to do so yourself. There are two types of LPA:
- Property and affairs – Decisions about your finances and property including bill payments, applying for and collecting benefits, and property issues.
- Health and welfare – Decisions covering daily concerns such as clothing and diet, as well as health care and medical treatment.
You can set up both LPAs, enabling the appointed person to take care everything. And when the time comes, they can take over immediately. This is especially advised in cases involving diagnosis of illnesses such as Alzheimer’s or cancer.
And LPA is relevant to people of all ages. Let’s say you’re rendered incapable of making decisions after a serious accident, your representative can take over. And when you recover, you take back all decision-making.
Talk to us about applying for LPA.