What is a Personal LPA
Lasting Power of Attorney (LPA) is a legal document that allows someone to appoint trusted individuals to make decisions on their behalf in the event they become unable to do so themselves. If you don't have an LPA in place, it can create several problems, including
- Loss of Control: Without an LPA, you have no control over who will make important decisions on your behalf if you become incapacitated. Your family members or loved ones may have to go to court to obtain permission to manage your affairs, and the court may appoint someone you would not have chosen
- Delays and Costs: If there is no LPA in place, your family members or loved ones may have to go through a lengthy and costly court process to obtain permission to manage your affairs. This can create unnecessary delays and may also result in additional legal fees.
- Risk of Financial Abuse:Without an LPA, there is a risk of financial abuse or exploitation. This is because there is no one legally authorized to manage your affairs, which may make you vulnerable to scams or fraud
- Uncertainty:If you don't have an LPA, your loved ones may not know what decisions you would have wanted to be made on your behalf. This can lead to uncertainty and disagreements among family members, which can be stressful and emotionally draining.
In summary, creating an LPA is essential for ensuring that your wishes are respected and your affairs are managed according to your preferences in the event you become unable to do so yourself. Without an LPA, you risk losing control over important decisions, delays and costs, financial abuse, and uncertainty among your loved ones
