A lasting power of attorney, or LPA, is a legal document in which you appoint one or more people to make decisions on your behalf when you’re no longer capable of doing so. An LPA is a means of making proper arrangements for someone you trust to take care of your affairs, usually later in life, but whenever they’re called upon to do so.
An LPA gives you peace of mind that someone you trust will be available to manage your affairs if such a time comes that you’re unable to do so.
In an ideal world, your LPA will never need to come into effect. However, setting up an LPA is much cheaper and quicker than seeking a deputyship order from the Court of Protection should you suddenly become unable to make decisions for yourself.
Setting up an LPA means you have control over who you appoint to make those decisions, too.
You can set up an LPA for health and welfare or for property and financial affairs.
If you decide to set up both types of LPA, you don’t have to appoint the same attorneys.
While there is no requirement to do so, many people choose to set up an LPA at the same time as writing their will or undertaking other aspects of estate and inheritance planning.
LawPlus can also help you with these additional services if you wish.
Writing a will is the only way to ensure you have 100% control over what happens to your property, other possessions, and money when you die. It can also ensure that your spouse, children, and other loved ones don’t pay more inheritance tax than they need to, and also remove any stress around dealing with your estate when you’re gone.
While it’s possible to write your will yourself, having it done professionally will ensure everything is in order and as you wish. It’ll also ensure that any complexities with your estate are dealt with in the correct manner.
Transferring your assets into a trust is often a desirable way to plan your estate and inheritance, and to ensure most inheritance tax matters are organised before your death.
There are various types of trusts and different reasons why you might want to write your assets into a trust, while you may also need guidance in how to manage the trust itself in the coming years.
Get the advice you need around whether you need a will, or trust, or a combination of the two, from LawPlus.
Applying for probate is one of many things you may need to do following the death of a loved one. While doing so is a relatively straightforward process, it can being added stress and angst at a time when you’re grieving and want to give your time and attention to those around you. This is especially true if you’re not sure where a copy of the deceased’s will is located or there are executors who are unable to deal with the estate.
We can help you take all the necessary steps around applying for probate and receiving a grant of probate, to allow you to deal with your loved one’s estate when you’re ready to do so.
Having a funeral plan in place can ensure that both your final wishes are met and that your family are spared the stress of organising and paying for your funeral in the days following your death.
The beauty of having a funeral plan is they give you 100% control over your send-off, whether you want something simple or a party-like celebration of your life. Whatever funeral plan you want to put in place, LawPlus can help you.
Whether you’re looking to create a single LPA or want to undertake widespread estate and inheritance planning, including writing your will or setting up a trust, LawPlus can help.
Complete the form below to tell us your needs, and one of our LPA experts will be in touch!