“I’m only 40, I really don’t think I need to be putting a Lasting Power of Attorney in place”
This is a perfect example of one of the most common schools of thought regarding LPAs. However, it is incorrect, and here’s why.
Accidents or illnesses come out of the blue. They are totally unpredictable and may affect your ability to look after yourself or your business. This is where your attorneys come in.
An LPA is a legal document that gives your attorneys the power to make decisions on your behalf. It is, therefore, very important to choose attorneys who are completely trustworthy and will act in your best interests.
It is important to register your LPA as soon as possible so that is readily available when it is needed.
There are 3 different types of LPA, these are as follows:
- Health and Welfare
- Property and Financial Affairs
I will cover each of these separately.