MMost people understand the importance of a Last Will, but what about a Lasting Power of Attorney (LPA)? It’s just as important, and here are 5 reasons why setting one up should be a priority.
1. You Stay in Control
By setting up an LPA, you decide who will manage your affairs if you’re no longer able to. Without one, the courts may appoint someone, and that person might not be who you’d have chosen. With an LPA, you’re in control.
2. It Protects Your Finances
Imagine being unable to access your own money because no one has the legal authority to handle your accounts. With an LPA, your chosen attorney can manage your finances, pay bills, and ensure everything runs smoothly.
3. Avoiding Family Disputes
Without an LPA, your family could face disagreements about who should make decisions on your behalf. Having one in place avoids confusion and reduces the chance of conflict.
4. You Get to Plan Your Healthcare
With a Health and Welfare LPA, you can ensure that your preferences for medical treatment are followed, even if you’re unable to communicate them yourself. It’s your opportunity to make sure your healthcare is handled exactly the way you want.
5. It’s Not Just for the Elderly
Accidents and illnesses can happen at any age. LPAs are not just for older people—they’re for anyone who wants to ensure their affairs are in safe hands, no matter what happens.
By setting up a Lasting Power of Attorney, you’re not just protecting yourself—you’re making things easier for your family, too.
A Lasting Power of Attorney isn’t just a piece of paper—it’s peace of mind. It ensures that if life throws something unexpected your way, the people you trust most are able to step in and make decisions on your behalf. Whether it’s handling your finances or making important healthcare choices, an LPA makes sure your wishes are followed and your loved ones are spared the stress of navigating legal hurdles without your guidance.
