Planning for the future isn’t always easy, but taking steps now can make a huge difference in protecting your family and making sure your wishes are followed. One important tool for this is a Lasting Power of Attorney (LPA). With help from A R K Lasting Powers & Wills in Stevenage, more families are learning about the benefits of LPAs and how they can provide peace of mind in uncertain times. Here’s a guide to how an LPA works, why it matters, and how it protects you and your loved ones.
What is a Lasting Power of Attorney?
A Lasting Power of Attorney (LPA) is a legal document that allows someone you trust to make decisions on your behalf if you’re unable to do so or to help you make decisions at any time if you would like them to. This trusted person is known as your “attorney” (although they don’t have to be a lawyer!). There are two types of LPAs in the UK:
- Health and Welfare LPA – covers decisions about your medical care, daily routines, and even where you live.
- Property and Financial Affairs LPA – covers decisions about your finances, including paying bills, managing bank accounts, and handling property matters.
An LPA can only be set up while you’re still able to make your own decisions, so it’s important to act early. “We often remind people that an LPA isn’t just for older people,” says John Greenall from A R K in Stevenage. “Accidents and illness can happen at any age, so having an LPA in place is a way to be prepared for any situation.”
Why is a Lasting Power of Attorney Important?
An LPA ensures that, no matter what happens, someone you trust can step in and help with important matters. Without one, your family might face lengthy legal processes to get permission to manage your affairs, which can be stressful and costly.
Karen Greenall explains, “Without an LPA, families often face delays and red tape, especially with financial institutions. Having an LPA in place is a way to make things simpler for everyone involved.” A Lasting Power of Attorney gives you control over who makes decisions, so you know they’ll respect your wishes.
How Does an LPA Protect You and Your Family?
Here are some key ways a Lasting Power of Attorney can offer protection and peace of mind:
1. Quick Action in Emergencies
If something unexpected happens, like an accident or illness, your attorney can step in immediately. This means your bills can be paid, and any urgent decisions can be made without waiting. A R K Lasting Powers & Wills in Stevenage advises families to have an LPA in place to avoid unnecessary delays.
2. Avoiding Family Disputes
Having a clear LPA in place can prevent confusion and disagreements. Your chosen attorney knows your wishes and can act on your behalf, avoiding the possibility of family members disagreeing over what should be done. This can reduce stress and keep everyone on the same page.
3. Managing Financial Matters with Ease
An LPA for Property and Financial Affairs allows your attorney to handle everything from paying bills to managing investments. They can make sure your financial obligations are met, giving you peace of mind that things will run smoothly.
4. Personalised Medical Decisions
With a Health and Welfare LPA, your attorney can make medical decisions on your behalf. This includes everything from routine care to treatment choices if you’re unable to make them yourself. “An LPA means you can have a say in your care even if you can’t communicate it directly,” Karen Greenall points out.
5. Protecting Your Home and Assets
If you need long-term care, having an LPA in place can protect your property and assets. Your attorney can manage things in a way that respects your wishes, ensuring your home is taken care of and that financial decisions are handled with your best interests in mind.
Common Misunderstandings About LPAs
A R K Lasting Powers & Wills often hears from people in Stevenage who have questions about LPAs. Here are some common misunderstandings—and the truth behind them:
1. “I’m Too Young for an LPA”
LPAs aren’t just for older adults. In reality, anyone over 18 can benefit from having an LPA. Illnesses and accidents can happen at any time, so it’s a smart move for people of all ages.
2. “My Family Will Automatically Make Decisions for Me”
Without an LPA, even close family members may need to apply through the courts to manage your affairs. This process can be time-consuming and costly. An LPA removes this obstacle, ensuring your family can act quickly.
3. “I Don’t Need Both Types of LPA”
Some people think they only need one type of LPA, but having both a Health and Welfare LPA and a Property and Financial Affairs LPA offers full protection. This way, both your personal care and finances can be managed according to your wishes.
How to Set Up a Lasting Power of Attorney
Creating an LPA involves filling out forms and registering them with the Office of the Public Guardian. A R K Lasting Powers & Wills in Stevenage helps families through this process, making sure everything is correctly set up and that the document reflects your wishes.
“We make setting up an LPA straightforward, guiding people through each step and answering any questions they have,” says Karen Greenall. “Having that support makes a big difference, especially for those who might feel overwhelmed by the legal side.”
Peace of Mind with A R K Lasting Powers & Wills
Planning for the future with an LPA is a way to protect yourself and give your family peace of mind. A R K Lasting Powers & Wills in Stevenage has experience guiding families through the process, ensuring that their wishes are respected and their loved ones are protected.
With an LPA in place, you can feel confident that, no matter what happens, your affairs are in safe hands.
