One day, it might not be possible for you to manage your own financial or welfare matters, without the help of a trusted individual or family member. A Lasting Power of Attorney is the legal document that allows you to choose one person or multiple people to make decisions for you while you are alive, in the case that you are no longer able to make such decisions for yourself. If you do not have a Lasting Power of Attorney, then it means that no one has the legal power to take care of decisions for you; in cases such as these, family often have to go through lengthy and expensive legal processes.
At RRK Legal, we specialise in the creation of Lasting Powers of Attorney, helping you to make the best decision and plan for your unique circumstances. We’ll ensure that all legal documents are drafted correctly with the relevant instructions, leaving you free to focus on the present without worry.
We have a dedicated team of professionals here at RRK Legal who are entirely focused on helping you create a Lasting Power of Attorney that works for you and your situation. It can be daunting to think about choosing an attorney and deciding which kind of LPA will suit your needs the best, which is why we are here to make the process as straightforward as possible.
The service we provide will help you with the entire process including registering the documentation correctly.
We aim to make it as smooth and as easy on you as possible, meaning that we try to leave the legal jargon out of it and focus on what your needs are and how we can best accommodate them.
We offer a very reasonable fixed rate for this service, so you will know exactly how much it will be and can budget accordingly. Furthermore, we are able to offer a discount if multiple Lasting Powers of Attorney are required, or if you make an LPA at the same time as writing your will with RRK.
A Property & Financial Affairs Lasting Power of Attorney takes care of your finances, property, money and assets. The attorney you choose will pay your bills and sort out your income when you are not able to. This type of LPA is an effective way to minimise family arguments over who will be responsible for your finances - and they are also flexible, meaning that you can choose how much or little responsibility they will have.
Health & Welfare LPA
A Health & Welfare LPA means you can decide who makes decisions regarding your future care and living situation. This only comes into play when you are no longer able to make your own decisions - upon mental or physical incapacitation. Your trusted appointed attorney will be able to decide things like where you will live, what kinds of medical care you will receive, and if you will receive life-saving treatment.
If you own a business, you must consider what would happen to it if you were not able to make decisions anymore. An LPA for business means that if something happened to you, someone would already be appointed to authorise payments, sign cheques, take loans or pay salaries. If you do not get an LPA then deciding who makes these decisions can take a long time and this can be harmful to your business and income.
According to the Alzheimer’s Society, by 2025 more than 1 million people in the UK will have dementia. Therefore, it is prudent to plan ahead. Furthermore, it is not just a consideration for the elderly; younger people may also become incapacitated through accident or illness.
LPAs are designed to be recognised by financial institutions, care homes and local authorities, tax, benefits and pension authorities thereby making the handling of financial and welfare affairs much easier for relatives when it is needed.
It must be remembered that an LPA is a serious, powerful legal document and it can be complicated to draft it correctly. It is possible for you to draft your own LPA without a solicitor but apart from complexity OPG may object to certain restrictions contained in the LPA and may even render the LPA invalid due to technical mistakes made filling in the forms.
If you want more information, please contact us.
We are proud to have over 10 years of specialist estate planning experience, and keep our training at the forefront of the industry to align with the latest government regulations and financial allowances.
Our confidential and discreet consultations are done with our qualified and professional will & estate planning consultants by phone, email or face-to-face. We speak English, Urdu and Hindi.
We offer a free, full legal consultation to all new clients worth £75, where we will discuss suitable services. We are proud to be fully transparent with our pricing, with no gimmicky upsells or extortionate hourly fees
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