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Control and choice – the importance of LPAs
Manage episode 470594521 series 3616673
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Control and choice – the importance of LPAs
No one wants to think about a time in the future when they may no longer be able to make decisions for themselves about their health, welfare, property or finances. However, as we are all increasingly living longer and sometimes with conditions such as dementia, it is important to think now about what you would want to happen in the future in such circumstances.
A Lasting power of Attorney (LPA) may be an insurance policy that you never need to use but should be viewed as a key part of later life planning.
• What are the different types of power of attorney?
• When and how can an LPA be put in place?
• What are the duties and responsibilities of an attorney?
• What are the limits on how an LPA may be used?
• What happens if no LPA has been put in place and support with decision making is needed?
In this episode, Jenny Ray speaks with private client partner, Emma Weir, addressing these questions and discussing what LPAs are and why it is so important to have one sooner rather than later.
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