What would happen if you could not look after your money every day or make your own financial or welfare decisions?
Yes, this can be quite a difficult notion to think about, however it is a possibility that we all could face. This is why you need to be aware of Lasting Power of Attorney (LPA). This is a legal document that will enable you to appoint a trusted person to make important decisions about your health and welfare, money, property and possessions. The first step is to choose someone you trust to manage and protect your wellbeing in the future – usually this is a family member or a close friend.
In basic terms, your attorney can simply act on your behalf if you are unable to. At Philips Legal Solutions we provide services including Lasting Power of Attorney to valued clients across the UK. Illness can hinder you from dealing with everyday affairs, therefore it is important to make provisions for Lasting Power of Attorney to take care of your finances and wellbeing when you cannot.
If a power of attorney does not exist, a deputyship is required. In this case the Court of Protection will manage your financial capital and affairs through a deputy. They will receive income to apply it for your benefit, but the Court of Protection will be in control of your capital.
Power of Attorney Services
Our experienced asset management team are specialists when it comes to Lasting Power of Attorney. Our large team of consultants work with clients on an individual basis to ensure that you receive the best and most relevant advice possible. We will ensure that the best provisions are made for yourself and your family, whether they are required now, or in the future. We take care to provide practical advice with sensitivity in the most straightforward way so that you understand every step of the process.
As part of our service we will register your Lasting Power of Attorney. Our receivership team will deal with all applications to the Court of Protection. To find out more about Lasting Power of Attorney, please do get in contact with us and arrange an appointment. Call 01543 624 062 to make an appointment today.