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The Flexibility of a Lasting Power of Attorney for Property and Financial Affairs
Many people believe that Lasting Powers of Attorney (LPA) are only relevant if you lose mental capacity. While this is true for Health and Welfare LPAs, which only come into effect when you are no longer able to make decisions about your own health, LPAs for Property and Financial Affairs offer far greater flexibility.
If drafted appropriately, a Property and Financial Affairs LPA can be used not just in cases of mental incapacity, but at any time with your permission. This means your chosen attorneys can step in to help whenever you need support, even if it's simply because you're unwell, recovering from surgery, or unable to leave your home.
This flexibility can be incredibly valuable. For example, your attorneys could:
- Visit the bank on your behalf
- Pay bills and manage your accounts
- Withdraw cash for essential shopping
- Handle paperwork or other financial matters when you're unable to
Importantly, using an LPA does not mean giving up control. You can remain involved in all decisions, with your attorneys acting as an extra layer of support - only stepping in when and how you choose.
Your attorneys must always act in your best interests and keep you informed about any decisions they make on your behalf.
At Nowell Meller, our specialist team is here to help you explore your estate planning options with confidence and clarity. To discuss how an LPA could benefit you or a loved one, please call our team today.
Stafford 01785 252377
Newcastle 01782 987551
Alsager 01270 446260




