Lasting Powers of Attorney
What will happen if you lose capacity? Will your family members be able to take decisions on your behalf? Will they be able to access your assets to fund any care?
The answer is that if you do not have Lasting Powers of Attorney in place, it will be very difficult for your family members to immediately do any of the above.
The process for putting in place a Lasting Power of Attorney can take some time; particularly as the registration period is between 8 and 10 weeks.
It is sensible to put in place Lasting Powers of Attorney now so that matters are more straightforward for your family in the future.
There are two types of Lasting Power of Attorney – one in respect of medical treatment and one in respect of dealing with your assets. It is possible to have only one of these or both.