Avoid Court of Protection intervention – establish a Lasting Power of Attorney now

Have you ever considered having your affairs managed by someone you trust?

What happens if you suddenly become unable to managing your own affairs?   Unfortunately if you have not had the advice or foresight to grant a Lasting Power of Attorney to a friend, relative or professional contact, you will have to use the services of the Court of Protection.

By thinking ahead and establishing a Personal Welfare Lasting Power of Attorney you can choose who you want to make decisions on your behalf when you lack the mental capacity to make them yourself, allowing them to make decisions such as refusing treatment or deciding where you will live.  If you also want them to be able to make decisions about your property and financial affairs, you can also grant a Property and Affairs Lasting Power of Attorney.  Finally, you can also combine these two options to give you total piece of mind.   You will then be safe in the knowledge that there will be someone who you trust and who you have chosen overseeing and maintaining your affairs for your benefit.

If you become incapable of dealing with your own affairs and you do not have any LPAs in place, the decision as to who is appointed will then rest solely with the Court of Protection.  Your loved ones can apply to be appointed to this position BUT the final decision rests with the Court. 

At this already difficult time, the Court will only make a decision after a lengthy period thoroughly vetting the person who has applied to be appointed to look after your finances.  This process can be expensive, lengthy and unnecessarily intrusive and the initial cost of applying can be followed by annual costs levied by the Court  on your finances to pay for supervision and insurance of your affairs.   All of this will be occurring at precisely the  time when your loved ones need the money to look after you.

It therefore makes sense to make the decision now as to whom you wish to appoint in a Lasting Power of Attorney rather than wait and risk having the decision made for you by others!

At LaterLife Security we realise that these are not easy discussions to have, but LaterLife Security is designed to give you security and peace of mind with support from caring and experienced professionals.  Our specialist advisors can visit you and your family for an initial free of charge meeting in the comfort of your own home in order to assess how we can help.

For more information  contact Janette on 01462 687333 or at jday@laterlifesecurity.co.uk

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