Cedar Wills & Trusts are Dedicated to Protecting your Wishes Should the Worst Happen. Should you Develop a Condition or Have a Sudden Accident that Renders you Incapable of Making your Own Decisions, a Lasting Power of Attorney will Grant your Loved Ones, Legal Power to Make Financial, Property & Health Decisions on your Behalf.
Why do I need a Lasting Power of Attorney?
If you lose mental capacity, unless you’ve already filled in the Power of Attorney forms, your loved ones will need to apply through court to become ‘deputy’, a long and expensive process.
A lasting power of attorney (LPA) gives another individual the legal authority to look after specific aspects of your financial affairs or health and welfare should you lose the capacity to do so. It’s not just for the elderly; younger people may become incapacitated through accident or illness.
If you do not have an LPA in place and later become mentally incapacitated, relatives may face long delays and expense in applying to the court of protection to get access and take control of your assets and finances.