Posts tagged “LPA”

There are two types of lasting power of attorney (LPA); one for your property and financial affairs, and one for your health and welfare. 
 
You can only put LPAs in place if you have capacity to appoint your attorney(s). 
 
If you haven’t put LPAs in place and lose capacity to make these decisions, then someone will need to apply to the Court of Protection for a deputyship order.  
 
This will allow them to manage your affairs, but you won’t be able to say who you want the Court to appoint. 
You won’t have the right to make decisions on your child’s behalf once he or she reaches the age of 18. 
 
If you are the parent of a child with a condition such as Asperger’s or Autism, for example, you will certainly be proud of all the things they can manage for themselves when they become an adult. However, there will probably also be things that they find very challenging, such as dealing with money or talking to medical professionals. 
If you are a business owner, making sure that someone can make decisions on your behalf could make the difference between your business continuing or failing. 
 
You can authorise someone to make decisions with a lasting power of attorney (LPA). This is important if you are abroad, have an accident and are unconscious or have a medical condition such as dementia, for example. 
 
You can give someone you trust authority to pay bills, sign cheques, manage a business loan and pay salaries. 
The latest report from the of the Office of the Public Guardian (OPG) says that, although things have improved, it still takes 34 days for your Lasting Power of Attorney (LPA) to be finalised. 
 
But that’s just the last part of the process. 
 
Before your LPA can become effective, there are several important steps you will need to take. 
When you’re heading into your later years, one concern that will probably persistently niggle at the back of your mind is the risk of dementia. 
 
Steps to prevent dementia 
In an ideal world we could all delay or avoid the onset of dementia entirely. 
 
There is now a new national plan for family doctors to assess your dementia risks as part of the NHS health check, which is offered to patients aged between 40 and 74. You will be asked about your current lifestyle and be advised about steps you can take to reduce your level of risk. 
 
 
 
 
In the television show ‘Family Fortunes’ relations work together. Unfortunately, it’s not always the case. This is a true and very sad story… 
 
Two sisters eventually escaped from their violent father and drunken, uncaring mother. In their adult lives they helped and supported each other. 
 
One of the sisters started a family and built a strong network of friends. Unfortunately, the other sister’s emotional scars from their early childhood experiences went so deep that she was unable to resist them. 
Whether you’re 18 or 88, you never know what’s around the corner. 
 
That’s why arranging a Lasting Power of Attorney is important. 
 
Let me explain…