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Lasting Powers of Attorney.
Introducing LPA's.
Lasting Power of Attorney: Essential Documents to Manage Your Affairs
A Lasting Power of Attorney is a powerful document which allows you to choose someone to manage your affairs on your behalf should you become incapacitated.
If you were to lose mental capacity through illness or accident your Attorney would be able to act or make decisions where you are no longer able.
The Two Types of LPA's.
Lasting Power of Attorney Property & Affairs
The Lasting Power of Attorney Property & Affairs allows your attorney to make decisions on your behalf about finances and property. For example:
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Managing bank or building society accounts
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Paying bills
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Collecting your benefits or a pension
Lasting Power of Attorney Health & Welfare
The Lasting Power of Attorney Health & Welfare allows your attorney to make decisions on your behalf regarding your wellbeing and healthcare provision. For example:
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Continuing life-sustaining treatment
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Organising your medications and medical care
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How your day is organised, including what you wear and what you eat
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Where you will be living
Lasting Power of Attorney Statistics.
Increase in people making an LPA in the UK within the last year and also an 11.5% increase in take up over a five year average
Source: This is Money.
78% of adult population in the United Kingdom have so far failed to have made either Lasting Power of Attorney
Source: Canada Life
Of adults wrongly believe that their next of kin automatically has the power to make these decisions without an LPA
Source: Office of the Public Guardian
Approximately
one million people in the United Kingdom suffer from dementia
(7.5% are under 65)
Source: Dementia Statistics