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"People do not like thinking about death and the effects it has on those they leave behind, but it is something that has to be faced eventually. It is natural that you should wish your property and assets to pass on your death to whomever you choose. By making a will you can ensure that your assets go to those you wish should have them."
Lasting Powers of Attorney (LPA)Under the Mental Capacity Act 2005, individuals can now draw up a legal document in England & Wales called a LASTING POWER OF ATTORNEY - a document that enables individuals to appoint a person or persons to look after their affairs in the event of mental and/or physical incapacity, perhaps due to infirmity in old age, illness or accident.
It is essential that such arrangements are made while fit and healthy since the Law does not allow such arrangements to be made after the event, which can leave families with a multitude of practical problems.
A LPA can be drawn up to cover the management of financial affairs and a second LPA to cover the management of personal matters such as medical care.
While an LPA is a very powerful document, there are numerous safeguards to prevent its abuse:An LPA is primarily used to appoint a person to deal with your affairs after the onset of mental and/or physical incapacity. However before the document can be used, certain people, who are selected by the Donor when drafting the LPA, have to be notified and anyone can object if they are not happy with the reasons why the document is being brought into effect.
Restrictions can be included on what the attorneys can and cannot do under the authority of the documents and the Donor about how they would like the Attorney(s) to act can include advice or guidance.
When the LPA is signed, a certificate must be completed by a professional or someone who has known the donor for at least two years to confirm that the person making the document understands the meaning of the LPA and the consequences of it.
Like your Will, a LPA can be updated or cancelled at any time should circumstances change- and as long as you have the capacity to do so.