A Lasting Power of Attorney (LPA) is a document that outlines your wishes regarding the management of your finances and personal well-being in the case of not being able to make decisions for yourself due to loss of mental or physical capacity, by appointing a trusted person to act on your behalf in such circumstances.
It may not be a priority to you to undertake this task, but taking responsibility and ownership of your life and your future cannot happen too soon. If you are in any way concerned, you may want to consider making a Lasting Power of Attorney today.
Do I need Power of Attorney?
To ensure your well-being, personal wishes, and financial affairs have all been secured in accordance with your vision for yourself and your loved ones, you need to appoint a Lasting Power of Attorney (LPA).
A Lasting Power of Attorney is a document that allows you to make important choices about your future, ensuring your interests are protected, even if you become unable to make decisions for yourself.
There are two different types of LPA, we advise on both
- Property and Financial Power of Attorney provides someone of your choosing the power to make decisions on your behalf regarding your financial assets
- Health and Welfare Power of Attorney provides someone of your choosing the power to make decisions regarding your medical care, health and living arrangements should you be unable to make them
OCG Legal offer personal and balanced advice for this critical part of managing your finances successfully. We will guide you through the entire process, ensuring your wishes are at the centre of what we do.
For your assets to managed correctly and effectively, LPA is a necessary step. Contact us for more information.
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