Often clients make a Will and overlook putting in place provisions for people to look after their affairs during their lifetime if they were unable to do so themselves.
Parry Carver have a specialist private client team dedicated to advising clients on how to manage their affairs during your lifetime when you are unable to do so, this often involves Power of Attorney.
There are different types of Powers of Attorney, however the most common is Lasting Power of Attorney (LPA), but there are Ordinary Powers and Enduring Powers. We will explain the options available and help you to choose which is best for your particular circumstances.
LPA’s will enable you to plan ahead by choosing someone you trust to act on your behalf to manage your property and finances and possibly make decisions about your care needs and medical treatment if you become unable to make decisions for yourself. The persons you choose will be called an Attorneys.
The risk of becoming incapable of managing your affairs and making decisions grows as people live longer so it is prudent to have in place an LPA.
There are two types of LPA
- Property and Financial Affairs. This is the most popular LPA and this allows your Attorney to make decisions about your money and property, paying bills and buying and selling houses.
- Health and Welfare. A Welfare Attorney can make decisions about your care and well-being when you are unable to do so yourself. You can also make ask your Attorneys to make decisions about what medical treatment you should receive for life threatening illness.
You may choose to make a Property and Financial Affairs LPA without a Welfare one or opt for a Welfare LPA alone or have both. You can choose different Attorneys for both. As part of our service the Partners of Parry Carver are able to act as Attorneys and are very experienced in this field.
Our team at Parry Carver can also assist Attorneys with their role and also advise and assist Attorneys with the registration of a Lasting Power of Attorney or an Enduring Power of Attorney.
Powers of Attorney are powerful documents and therefore we will guide you and/or relatives through the process.
If you require further information or an appointment to discuss this further, then please feel free to contact our offices.