Join us at March Library for free expert legal advice

20th September 2022

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by Chloe Fossey

We are inviting you to come along to our free event at the March Library on Friday 30 September 2022 (11am-12pm) where Kim Neal, solicitor in our private client department, will be discussing the importance and benefits of making a Lasting Powers of Attorney (LPA). There will be opportunity at the end to participate in a question and answer with our specialist solicitor and refreshments will be provided. Those who attend will also receive an event exclusive discount on the service, if they wish to proceed following the presentation. However, there will be no obligation to sign up, please feel free to come along for some free expert advice.

It is of the common misconception that LPAs are simply just for the elderly; however, it is for anyone who wants peace of mind knowing that their financial affairs would be managed by the person they would wish if they were not able to do it themselves. This may simply be because you are going to be out of the country for an extended period of time and documents will need to be signed during that period. Alternatively, you may wish to have a Power of Attorney in place in case you are not able to make decisions about your affairs because of incapacitating illness or loss of mental capacity.

Too many people only think to make an LPA once capacity is in doubt and at that point it may already be too late. Making an LPA now will be much less stressful and more cost-effective than having to apply to the Office of the Public Guardian for a Deputyship after someone has lost mental capacity.

Other reasons you may benefit from having an LPA:

  • If any of your bank accounts are not in joint names and/or you have investments that are in your name only, then it makes sense to have an LPA so that someone else can manage your affairs should the need arise.

 

  • If you run your own business and are a key decision maker, then you should consider a Commercial LPA to ensure that the business would be run by the person you would wish if you were suddenly to find yourself in hospital for a prolonged period.

 

  • Sadly, people of any age can suddenly be taken ill, and many were during the Covid pandemic.  Making both a Health & Welfare and a Property & Affairs LPA will ensure that the right people would make decisions about key things that matter to you and affect your future should this be needed.

 

  • Did you make an old-style Enduring Power of Attorney before the system changed in 2007?  If so, now may be the time to update to an LPA. Would you still want the same person or people looking after your financial affairs now, as would have been the case then?  Should you consider adding a Health & Welfare LPA which was not available under the old regime?

 

Making an LPA does not just give you peace of mind, it will give other family members the security of knowing what you want to happen in the future.

We look forward to welcoming you at the event where you will benefit from free expert legal advice on Lasting Powers of Attorney. We would appreciate if you could confirm your attendance prior by sending your details to marketing@fraserdawbarns.com or alternatively, please feel free to just turn up on the day.

Recommended By The Legal 500 Directory*

*We are recommended for the following practice areas: Corporate and Commercial, Debt Recovery, Employment, Personal Injury: Claimant, Agriculture and Estates, Contentious Trusts and Probate, Family, Personal Tax, Trusts and Probate & Commercial Property.

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