A Lasting Power of Attorney is a legal document which enables you to appoint one or more persons to manage your financial affairs and property.
If you lose mental capacity and have not made a Lasting Power of Attorney your affairs may have to be managed by a receiver appointed by the Court of Protection. This can be distressing and time consuming to those dealing with your affairs and costly to you.
Appointing someone you trust and drawing up a Lasting Power Attorney will allow you to provide yourself with a lifeline if, through illness or accident, you are unable to handle your affairs properly and effectively.
A Lasting Power of Attorney should always be incorporated into any effective estate plan.
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