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Property and Finance
Having a Lasting Power of Attorney (LPA) on Property & Finance is important because it allows you to appoint a trusted individual to manage your financial affairs and property in the event you become unable to do so yourself. Here are some reasons why having an LPA on Property & Finance is essential:
- Protection: An LPA on Property & Finance can protect you from financial harm by allowing someone you trust to manage your finances and property if you become incapacitated. This can include paying bills, managing investments, and selling property if necessary.
- Avoids court intervention: Without an LPA on Property & Finance, if you become incapacitated, a court may have to appoint a deputy to manage your affairs, which can be time-consuming and expensive. With an LPA, you can choose who will manage your affairs and avoid the need for court intervention.
- Flexibility: An LPA on Property & Finance can be customized to meet your specific needs and requirements. You can specify what types of decisions your attorney can make on your behalf and under what circumstances. This allows you to tailor the LPA to your individual needs and ensure that your financial affairs and property are managed according to your preferences
- Peace of mind: By having an LPA on Property & Finance, you can have peace of mind knowing that your financial affairs and property will be managed by someone you trust if you become incapacitated. This can alleviate any concerns you may have about your financial security and help ensure that your assets are protected.
In summary, having an LPA on Property & Finance is essential for protecting your financial affairs and property in the event you become incapacitated. It can help you avoid court intervention, provide flexibility, and give you peace of mind knowing that your affairs will be managed according to your preferences
