There are lots of things we can do to plan ahead for when we get older; one important legal procedure which will provide peace of mind for you and your family should anything happen is to create a Lasting Power of Attorney.
By Phil Taylor, private client partner, Farleys Solicitors
This can include decisions about your healthcare and medical treatment, decisions about where you live and day-to-day decisions about your personal welfare.
A common misconception is that your spouse or close family member would automatically be able to access your finances for your benefit or would be able to ‘acquire’ an LPA on your behalf. In actual fact an LPA has to be ‘granted’ by the individual concerned to their chosen attorney when they are well enough to do so. This is why it is so important to plan ahead as you never know what the future holds.
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