A lasting power of attorney (LPA) is a legal document that lets you pick someone you trust to make decisions for you. This person, known as your attorney, can act on your behalf if there comes a time when you can't make decisions for yourself. This could be due to an illness, an accident or mental decline as you get older.
There are two main types of LPA: one for financial decisions and one for health and care decisions. The financial one covers things like managing your bank accounts, paying your bills, and even selling your house. The health and welfare one deals with medical treatment choices, daily routine, and where you should live if you can't decide for yourself.
Setting up an LPA gives you a safety net. It's all about planning ahead. You hope you'll never need it, but it's good to know it's there. If something does happen and you haven't set up an LPA, your loved ones might have to go through a lengthy and costly legal process just to help you out.
To create an LPA, you'll need to fill in some forms and get them registered. It's wise to get legal advice to make sure it's done properly. At Switalskis, we can help you through this process, making sure you understand each step.
Once set up, the LPA is only activated if and when you can't make decisions yourself. Until then, you carry on as normal. Having an LPA doesn't mean giving up control; it means you're prepared, come what may.