Power of Attorney
Lasting Powers of Attorney (LPAs) are becoming increasingly popular in the UK for several important reasons largely driven by changing demographics, awareness, and a greater understanding of the risks of not having one in place.
Here's why more people are putting LPAs in place:
Increased Awareness of Mental Capacity Issues
With rising rates of dementia, Alzheimer's, and other age-related conditions, people are more aware that they may one day lose the ability to manage their own affairs. An LPA allows someone you trust to step in and make decisions if you're no longer able to.
Planning Ahead for Peace of Mind
People are increasingly recognising that planning for the future isn't just about wills it's also about protecting their finances, health, and wellbeing during their lifetime. LPAs offer reassurance that your chosen attorneys will act in your best interests if needed.
Ageing Population
The UK has an ageing population, and with age comes a higher likelihood of physical or mental incapacity. LPAs are becoming a standard part of later-life planning—much like pensions and wills.
Avoiding Court of Protection Delays
Without an LPA, if you lose capacity, your loved ones would need to apply to the Court of Protection to gain control over your finances or health decisions—a process that is slow, expensive, and stressful. An LPA avoids this entirely.
Protecting Finances and Property
A Property and Financial Affairs LPA allows your chosen attorney(s) to pay bills, manage your bank accounts, or sell property on your behalf—making it invaluable if you become ill, travel abroad, or are temporarily incapacitated.
Healthcare Control and Personal Wishes
The Health and Welfare LPA allows your attorney(s) to make decisions about your medical treatment, care, and living arrangements—giving your loved ones a voice and ensuring your wishes are respected.
If you would like to put a Lasting Power of Attorney in place or simply find out more, contact us today.
