A Property and Financial Affairs LPA allows your loved ones to deal with the paying of your bills, buying and selling your property and managing your bank accounts and investments.
A Health and Welfare LPA covers decisions about health and care and even deciding where you are to live. This can only be used if someone is incapable of dealing with such matters themselves.
Many people assume that their spouse, partner or children will just be able to take care of matters, but this is simply not the case.
If you lose mental capacity without an LPA in place, your family must then apply to the Court of Protection to have a deputy appointed to deal with everyday financial matters. This is a slow and very expensive process. If you already have an LPA in place, this will not be necessary.
Having an LPA in place gives you the peace of mind of knowing that the people you have chosen and trust would be able to act on your behalf if and when you need them to.
To decide who is to benefit from your estate in the event of your death.
You want your property to pass to your children.
Nominate the executors of your will.
You want your family to avoid lengthy costly probate costs.
You have children under the age of 18 years old.
You want to minimise estate taxes.
You would like to leave a gift to a Charity or family member.
You want to prevent any unnecessary distress to your family.
You would like the flexibility to change your wishes.
Writing a will can be difficult, we will help you through the process.
Your Home is a reflection of your lifes work, so why wouldn't you protect it?