Considering the future can sometimes be a nerve-wracking task to take on, but it is considerably more sensible than reaching the future and not being able to control the events that are unfolding around you. If you are elderly and are suffering from a degenerative mental disorder, you may wish to consider applying for a Lasting Power of Attorney (LPA).
You may need an LPA if you are suffering from dementia, Alzheimer’s, if you are hospitalised (both long-term hospitalisation and temporary), Multiple Sclerosis, or have lost physical capabilities. A Lasting Power of Attorney is designed to be applied for when you are of full mental capability to understand the weight of the decision you are making. This is to ensure you are happy with the individual who is to make important choices about your money, welfare and property for you.
What is a Lasting Power of Attorney?
A Lasting Power of Attorney is a document which grants a specific individual the legal right to make decisions on your behalf. It must be registered with the Office of the Public Guardian before it can be used. By giving someone this right you will give them the right to decide things about your money, your welfare (so your care and health) and your property. You will have to apply for two different Lasting Powers of Attorney if you wish to give a person all of these rights. There are two types of Lasting Power of Attorney:
1. Health and welfare
2. Property and financial affairs
When you apply for your Lasting Power of Attorney you will able to choose people to be informed about the decision you are in the process of making so they can raise any concerns they may have about the individual you are choosing. Also whilst you are still of sound mental capacity you are totally within your rights to cancel a Lasting Power of Attorney if you become unhappy with the decision you have made or your circumstances change. When you are dealing with decisions of this type you will still be protected by the law once the decisions go into the hands of your attorney. The Mental Capacity Act 2005 must be followed at all times and your attorney must always act in your best interest.
Lasting Power of Attorney is designed to be simple to apply for; the forms are downloadable from the government website. You simply need to complete the relevant forms and then get someone to certificate that you are mentally capable of making the decision.
Contact Roskell Davies today if you need help with your Lasting Power of Attorney. For a free initial consultation call 0800 142 2901 or fill in an online enquiry.