Lasting Powers of Attorney
With an aging population the need to protect our affairs against incapacity is becoming ever more important. If, during your lifetime, you lose the ability to make decisions for yourself you would undoubtedly want some reassurance about who would be making those decisions on your behalf. Who, for example, would operate your bank accounts and pay your bills if you did not have capacity? Arguably as important as a will, a Lasting Power of Attorney (LPA) should form part of your overall succession planning ensuring all your affairs are in order should the worst happen.
If you have not made any provision for this eventuality in your lifetime, someone on your behalf, perhaps a close relative, friend or solicitor may apply to the Court of Protection to be appointed as your ‘Deputy’. The application process for appointment as Deputy can take several months to conclude and the costs can be high.
The simple alternative is to decide now who you would want to trust to make decisions on your behalf by appointing an Attorney. You can appoint more than one Attorney to act in the event of your mental incapacity and you decide who that should be and the conditions when they can and cannot act on your behalf.
Our process for taking your instructions is straightforward and will be followed up by a comprehensive and detailed discussion will ensure that your exact requirements are understood. We can also assist with the registration of the LPA at the Office of the Public Guardian. This will ensure the LPA can be invoked immediately if required.
See how Guardian Wealth Management Legal Services can help you with your legal needs.
Call +44 (0) 114 274 4000 or complete the online enquiry form.
Irwin Mitchell LLP is a limited liability partnership registered in England & Wales, with number OC343897, and is regulated by both the Solicitors Regulation Authority and the Law Society of Scotland.
Guardian Wealth Management Ltd complies with the Solicitors’ Code of Conduct 2007. Any solicitor (or registered European lawyer) we refer you to is independent from us and will give you impartial and confidential advice. You are free to choose another solicitor (or registered European lawyer).
Guardian Wealth Management Ltd has a financial arrangement with Irwin Mitchell. In some, but not all, circumstances, where we will introduce clients to them they pay Guardian Wealth Management Ltd a fee for that introduction. Where Irwin Mitchell are to provide some tailored legal services, such as advice on inheritance tax planning, they make a payment to us equivalent to 15% of any costs (exclusive of VAT) ultimately charged to you. For other legal services we may receive a fixed payment from Irwin Mitchell dependent upon the legal service provided. Full details will be provided by Irwin Mitchell before you instruct them to deal with any work of your behalf.
Irwin Mitchell is completely independent of Guardian Wealth Management Ltd and will always act in your best interests. Our agreement with Irwin Mitchell does not affect the advice they give you, which will always be impartial and confidential.