If you were injured in an accident or contracted a disease that doesn’t lead to your death but leaves you unable to manage your finances, pay your bills, etc., you could leave your loved ones with significant practical and financial issues at a time when they’re also experiencing emotional distress and struggling. This can all be remedied if you hire one of the top lasting power of attorney solicitors to draft an LPA while you're still in decent health and of stable mind. Types of Lasting Power of Attorney:
There are two types of power of attorney, and you may designate either one or both. -Health and welfare power of attorney permits the appointment of one or more individuals to assist in the management of a person's everyday routine and treatment. This can involve food, clothing, medical care, assisted living facilities, and decisions regarding life-sustaining therapy. This is only applicable when an individual is unable to make their own decisions. -Property and financial matters power of attorney permits the appointment of one or more individuals to oversee the financial affairs of another individual. This may involve paying bills, collecting benefits, investing in real estate, etc. This appointment type can be scheduled at any time. Who can be appointed? You need someone willing, competent, and reliable to serve as your Power of attorney for property. They may be a friend, relative, spouse, or professional such as a solicitor or doctor. They must not be under the age of 18 and incapable of making decisions or bankrupty in the case of property and financial affairs. If you want to ease the process of preparing professional legal documents, contracts, and agreements, contact a General power of attorney at Legal Matters Made Simple.
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AuthorLmms offers an in-house legal writing team with over 6 years of experience in legal writing for business plans, power of attorney, tenancy, service and partnership agreements which are drafted by legal professionals and are enforceable within England, Wales, Northern Ireland, and Scotland. Archives |