Many people assume that having a will is enough to safeguard their future wishes, but a will only takes effect after death. It outlines how assets should be distributed, but offers no protection if someone becomes unable to make decisions while still alive. This is where a lasting power of attorney, or LPA, becomes essential, ensuring trusted individuals can act on a person’s behalf if necessary.
The difference between a will and a lasting power of attorney
A will and a lasting power of attorney serve very different purposes. A will dictates what happens to possessions and finances after death, while an LPA operates during life, allowing a chosen person to make decisions if mental or physical capacity is lost.
There are two main types of lasting power of attorney: one for property and financial affairs, and one for health and welfare. Both must be registered with the Office of the Public Guardian before they can be used.
Why both documents are important
Having both a will and an LPA ensures complete protection – one for after death, and one for during life. Without an LPA, family members may face lengthy and costly applications to the Court of Protection to make vital decisions. Services such as //powerofattorneyonline.co.uk can provide practical information to help with the legal paperwork and applying for an LPA online.
Together, a will and an LPA provide the reassurance that financial, health, and personal matters will always be managed according to one’s intentions both during life and after death.
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