Why Set Up a Lasting Power of Attorney?
At WealthMax, we understand the importance of planning for the unexpected. According to government statistics, around 100,000 people experience strokes each year, and this is just one of the many ways in which you might become incapacitated. Without a Lasting Power of Attorney (LPA) in place, your loved ones may have a great deal of difficulty in managing your affairs, making critical medical decisions or accessing bank accounts. Our LPA services allow you to appoint trusted individuals to act on your behalf, making sure your affairs are handled smoothly during difficult times.
Benefits of Lasting Power of Attorney
In the event that you lose your ability to make decisions for yourself due to illness or injury, your LPA will become triggered. Your appointed person will be able to make meaningful calls about aspects of your life, such as:
Decision Making
An LPA ensures that someone you trust can make decisions on your behalf if you become unable to do so, whether due to illness, accident, or age-related conditions.
Financial Protection
Your appointed attorney can manage your finances—paying bills, accessing bank accounts, and handling investments—without delays or legal complications.
Health & Welfare Support
With a Health and Welfare LPA, your attorney can make decisions about your medical treatment, care arrangements, and even where you live, based on your wishes.
Avoids Costly Delays
Without an LPA, loved ones may need to apply to the Court of Protection to act on your behalf—a process that can be time-consuming, expensive, and emotionally draining.
Reduces Family Stress
Having an LPA in place removes uncertainty and helps prevent disputes among family members during difficult times.
Preserves Your Legacy
By ensuring your affairs are handled according to your values and preferences, an LPA helps protect your legacy and long-term intentions.
FAQs
Looking to Set Up a Lasting Power of Attorney?
Wealthmax is here to help. Our advisers are experienced in setting up Lasting Power of Attorney and can guide you to ensure your decisions are respected if you become unable to manage your affairs. Contact us today to secure peace of mind for you and your loved ones.