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When do you need a power of attorney?
Not when you think you do.
· Your day to day care
For business owners you should not just consider
By the time people think about it,
· Medical care and treatment
your personal circumstances but also your
company. What would happen if you were
it is often too late.
· Decisions on care home options
· Life-sustaining treatment
suddenly incapacitated? Do you, your managers,
or other directors have the authority to act on your
· Securing NHS Continuing Healthcare funding
behalf? A Business LPA can protect your business
Lasting Powers of Attorney (LPA) are often only
A health and welfare LPA can only be used when
and staff. Without the legal mechanisms in place to
associated with the elderly, but mental and
you're unable to make your own decisions. It is
enable your business to continue running, should
physical incapacity can happen at any time.
usually a requirement for an LPA to be in place
you be unable to, it is likely to cause significant
Whether through illness or accident there may be
before being admitted to a care home.
losses financially, commercially and emotionally. In
a time when you need someone to act on your
some cases, it can mean the business is unable to
behalf. Often lawyers are instructed, or disputes
continue trading until a solution is found.
arise because the right legal documents are not
Property and Financial Affairs LPA
in place. Creating an LPA gives you peace of mind
Use this LPA to give an attorney the power to make
Sadly, we often hear the words `if only' and `it
should the worst happen.
decisions about your money and property such as:
was on my to do list' when we are applying for an
emergency Court of Protection or there is family
If someone has not made an LPA and they are
· Managing your bank or building society account(s)
unrest as nobody knows who should be doing
no longer able to manage their own affairs, an
· Collecting your benefits or state pension
what in terms of care of a loved one. Not having
application is made to the Court of Protection by
· Dealing with the management/investment of
time to put arrangements in place is a common
whoever comes forward to make the application.
your private pension
reason people express. This is why BakerLaw have
This may be a relative whom the patient would
· Paying your bills
not have chosen and can take time. In the event
introduced commuter clinics with out of office
· Selling your home
of a very sudden illness or accident, it may be
hours appointments available for those juggling
· Securing NHS Continuing Healthcare funding
necessary to make decisions for a loved one or
work and family lives.
· Dealing with the management of your business
access finances quickly, and without an LPA in place
We know you don't like to think about it, but basic
delays are inevitable as an application to the Court
Differing from the Health and Welfare LPA, a
legal housekeeping can ensure your wishes are
of Protection is made.
Property and Financial Affairs LPA can be used as
carried out in the event of a personal tragedy. The
There are two types of LPA, one covering health
soon as it's registered, with your permission.
New Year is often a time for reflection and for
and welfare and one covering property and
You should review any LPAs in place at the same
getting things done. Why not get peace of mind for
financial affairs.
time as you review your Wills. Changes in your
life's uncertainties by making 2019 the time to get
circumstances or reaching milestones in your life
your affairs in order?
The Health and Welfare LPA
such as getting married, moving home and the
If you would like to talk to one of our specialist staff
This LPA can be used to give an attorney the power
arrival of your children or grandchildren should
about writing a Will or creating an LPA, please do
to make decisions about things like:
trigger the review of your legal documents.
get in touch.

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