Lasting Powers of Attorney
🌟 Lasting Power of Attorney (LPA) 🌟
A Lasting Power of Attorney (LPA) is a legal document that lets you appoint a trusted person, known as an attorney, to make decisions on your behalf if you become unable to do so yourself. This is a crucial part of estate planning, ensuring your wishes are respected and your affairs are managed the way you choose. 📜
🔑 Types of LPAs 🔑
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Financial Decisions 💰
- Manage bank accounts
- Oversee investments
- Handle other financial affairs
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Health and Welfare Decisions 🏥
- Make medical treatment choices
- Decide on care arrangements
🕒 When Does an LPA Become Active? 🕒
An LPA only becomes active if you lose the ability to make decisions yourself. You can revoke or change your LPA at any time while you still have capacity. 🔄
🧘♀️ Peace of Mind 🧘♂️
Having an LPA in place gives peace of mind, knowing you've chosen the person who will make decisions on your behalf and that your wishes will be honoured. 🛡️
Further reading
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