Wills & probate myth 11 – I only need to make a lasting power of attorney (LPA) in case I lose my mental capacity.

10th December 2013

Shelly Wainwright of Ansons Solicitors wills and probate team in Cannock, Staffordshire, explains: “This is not true.”

People make an LPA for a variety of reasons. This is usually because they are worried about mental capacity issues in the future but it can be because they have a deteriorating physical condition which will mean they will not able to deal with their own financial affairs in the future. For example, limited mobility may prevent you from getting to the bank. You can also make a LPA because you would like someone else to act on your behalf if you are abroad for extended periods of time.

Once an LPA is made and registered it does not mean that you have given up your ability to manage your own affairs. You are appointing attorneys who can also act on your behalf. The document is flexible and can be used to manage your financial affairs in the best way possible.

For further, please contact Shelly Wainwright in the wills and probate team, on 01543 267984 or email Ansons Solicitors has offices in Cannock and Lichfield, Staffordshire.