Lasting Power of Attorney
A Lasting Power of Attorney, or LPA, is a legal document which allows you to appoint people you trust to act and make decisions on your behalf if you were to lose capacity through an accident, illness such as a stroke or dementia, or simply if you find it inconvenient to do so yourself.
There are two types of LPA:
Property and Financial Affairs
This type of LPA can be used either if you lack capacity to act on your own behalf or if you wish your attorney to act for administrational reasons. A Property and Financial Affairs LPA covers all of your financial affairs, including:
- paying your bills
- running your bank and building society accounts
- claiming pension and other payments on your behalf
- selling your house.
Health and Welfare
This allows for any medical and healthcare decisions to be made only in circumstances where you lack capacity to make your own decisions, such as:
- your dietary requirements
- where you should live if you were to move into care
- giving or refusing consent to particular types of health care, including medical treatment decisions.
Benefits of a Lasting Power of Attorney
By having a registered Lasting Power of attorney in place before mental capacity is lost, your attorneys can make important decisions on your behalf straight away. Without an LPA in place, your family and loved ones would have to apply to the Court of Protection to be appointed as your deputy. This can be a costly, lengthy and stressful process and the deputy has to produce annual accounts for the Office of the Public Guardian showing all transactions and reasons behind them.
We've teamed up with The Will Writing Company to offer a range of Will writing and estate planning services to our members from basic Wills and Lasting Power of Attorney documents to Trusts, Probate and bereavement advice.
By choosing to make a Will and plan your estate through The Vernon, our members are not only entitled to a special “Member’s Rate” discount on a Will, but also a free, no obligation initial consultation with an Estate Planning Consultant. This appointment can be conducted in branch or in the comfort of your own home.
To arrange an initial appointment, contact us here, pop in to your local branch or simply call us on 0161 429 6262.
About the Will Writing Company
The Will Writing Company are experts in the Will writing and estate planning field having provided advice and legal documents to clients across the UK since 1990. The Will Writing Company is authorised and regulated by the Solicitors Regulation Authority (SRA) in England and Wales as a licensed body. They pride themselves on providing comprehensive solutions in a ‘plain English’ approach so all of their clients fully understand their options. Furthermore, all of their Estate Planning Consultants are members of the Institute of Professional Willwriters (IPW) and comply with a Code of Practice approved by the Chartered Trading Standards Institute.
The Vernon Building Society acts as an introducer to The Will Writing Company for estate planning services. The Will Writing Company is authorised and regulated by the Solicitors Regulation Authority (SRA) in England and Wales as a licensed body (SRA number 626921).