Legal News | 24.11.22

Making a list, checking it twice?

Here is something to add to your Christmas list: Lasting Powers of Attorney! If you have been thinking about a Lasting Power of Attorney then now is the time to get it sorted. The Office of the Public Guardian is reporting an average 20-week registration period so it’s worth getting the process started as soon as possible.

Within the LPA documents there are options to include preferences and instructions. What are they? Should you consider including them?

Wansbroughs’ private client team is here and able to help. We will discuss these with you, in particular any instructions you would like to give your attorney(s)

Examples in respect of LPAs for property and finances include-

• Allowing you attorney(s) access to your health care records and a copy of your Will.
• Specific instructions where investments are or may be managed by a third party under a discretionary management scheme.
• Directions regarding the payment of any professional attorney(s), such as solicitors or accountants.

When it comes to a Lasting Power of Attorney for health and welfare, if you are giving your attorney(s) authority to give or refuse life-sustaining treatment on your behalf then you may want to give them further instructions in this respect. We can talk you through this and help you make a decision.

Instructions, and preferences, in LPAs can be useful to your chosen attorney(s) and help them when making decisions in your best interests.

We are here to help, get in touch with your usual contact at Wansbroughs or email wealth@wansbroughs.com.