A property and financial affairs Lasting Power of Attorney (LPA) can help you to plan who will oversee and handle your affairs should you be unable to make important financial decisions for yourself.
An LPA is a legal document that enables you to give a person or persons the authority to handle your financial affairs on your behalf.
An LPA can only be used in limited circumstances, for example, if you are physically incapacitated or if you are deemed to lack sufficient mental capacity to continue managing your affairs. A financial LPA can be also used while you still have mental capacity, but only with your express permission.
We can help you through the process by using our vast experience to ensure you receive the best possible advice that is tailored to your requirements.
Initial Telephone Discussion
Whilst it is common that a family member or trusted friend will be appointed to act on your behalf, you can also allow a professional such as a solicitor or accountant to take responsibility for your financial affairs.
A Financial LPA can allow an individual to handle a range of financial areas for you, including:
- Buying, selling or renting your property.
- Collecting your income, including pensions, state benefits etc.
- Managing your bank accounts.
- Managing any investments.
- Paying your household bills.
- Paying your nursing or residential care home fees.
- Renovating or repairing your property.
We are highly experienced in all aspects of arranging LPAs and we will be on hand to provide the assistance and guidance every step of the way.
How do I set up a Lasting Power of Attorney?
By getting in touch with our Lasting Power of Attorney Solicitors we can help you set up an LPA which will allow you to feel secure in the knowledge that your financial assets will be protected if something were to happen.
If a loved one or person you care for has already lost the capacity needed to make the decisions for themselves, we can help you apply for the authority that will allow you to make the decisions on their behalf.
We will be able to assist you if you need to apply to the Court of Protection to obtain an urgent or emergency court order in certain circumstances.
Those who hold Lasting Power of Attorney must always:
- act in the person’s best interests.
- consider the person’s past and present wishes.
- not take advantage of the person to benefit yourself.
- keep all the person’s money separate from your own.
We always recommend that if you are injured or have developed an illness that may leave you mentally incapacitated, you should setup an LPA sooner rather than later, while you still have the mental capacity to do so. This will give you greater control over your future and enable you and your loved ones to have peace of mind.
If you do not have a Lasting Power of Attorney in place, you run the risk of forcing your loved ones into potentially long, distressing and delayed court action as they seek to take control of your finances.
Where possible we will offer a fixed fee, so you will know what the costs are from the start. For more complex or uncertain projects, we will provide you with an estimate of the likely fees involved and keep you updated throughout the matter.
How to get in contact
Our offices are based in Basingstoke and we assist clients across the country.
We aim to keep legal jargon to a minimum and guide you through the process in a manner that is easy to understand.
Our highly-skilled solicitors offer tailored, strategic solutions to even the most complex matters, ensuring you receive the guidance and support you need.
We will be by your side throughout every stage of the process and will provide you with regular updates and advice along the way.
We communicate thoroughly with you from the outset to ensure that we fully understand your individual needs. This allows us to accurately quote for your matter leaving you without any unexpected surprises and fees further down the line.
We provide our clients with a concise and transparent breakdown of costs from the outset of the matter and throughout any subsequent stages. This enables you to build faith and trust in us early on to form a lasting relationship.
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