Property and finance

Property And Finance

A Lasting Power of Attorney (LPA) in respect of property and financial affairs can be used to make decisions on things such as:

• buying and selling property
• paying the mortgage
• investing money
• Paying bills
• arranging repairs to property

A property and financial affairs LPA can be used as soon as it is registered i.e. even if you still have metal capacity. This could prove very helpful from a practical point of view. For example, if you have an accident or are required to spend some time in hospital, your attorney could assist by handing your finances and bills during this time until you are able to do so.

Always pick someone you trust to be your attorney.  Your Attorney must always act in your best interests.

Without a Lasting Power of Attorney it may be necessary to apply to the Court of Protection to appoint a Deputy if you lose capacity for any reason, suffering an accident, illness, stroke or any number of unforeseen events that may mean you lose the capacity to make decisions for yourself. The appointment of a Deputy is a long and expensive process, which can lead to disputes between family members and the deputy appointed may not reflect your wishes or desires.  Being prepared can save a lot of stress and heartache.

It is never too soon to make an LPA.  Here at Chris Stevenson Solicitors we can give you specialist advice about what your LPA will need to cover, and by instructing us you can be confident that your LPA will be valid.

Contact our team today about making an LPA on 01302 341243.

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