Five Reasons Why You Should Make a Lasting Power of Attorney (LPA)

When planning for the future, many people understandably focus on writing a Will. However, an equally important aspect that is often overlooked is establishing a Lasting Power of Attorney (LPA). Without one, your loved ones may face serious delays, legal hurdles, and financial stress if you're unable to make decisions for yourself.

Let me share a compelling client story to illustrate why having an LPA is essential.

A Real-Life Story: When It's Too Late

Earlier this year, I was contacted by Sarah, whose mother, Margaret, had suffered a severe stroke. Overnight, Margaret lost the ability to manage her own affairs. Sarah assumed she could step in to help with bills, care arrangements, and discussions with the bank. However, because no LPA had been established, she quickly found herself powerless.

Access to bank accounts was blocked. Care providers refused to speak to her. To gain control, she had to apply to the Court of Protection, a process that took months, caused significant stress, and came with considerable costs—all while her mother needed urgent support.

Sarah’s story is not unique. It highlights just how crucial it is to have the right documents in place before a crisis strikes.

Five Reasons Why You Should Make a Lasting Power of Attorney (LPA)

1. You Stay in Control

An LPA allows you to choose who will act on your behalf if you become unable to make decisions. This choice places the power in your hands rather than leaving it up to the court.

2. Prevent Financial Hardship for Your Family

Many people are unaware that joint accounts can be frozen if one account holder loses mental capacity. The British Bankers’ Association highlights this in its leaflet Banking for People Who Lack Capacity to Make Decisions. On page 5, it states:

"If you are a joint account holder and the other joint account holder becomes mentally incapable, you do not automatically have the right to access the account unless you have a LPA, EPA, or Order from the Court of Protection."

This situation means that even a spouse or partner could struggle to access essential funds, potentially causing severe financial hardship.

Having a valid LPA in place avoids this predicament and ensures your family can access funds when they need them most.

3. Save Time, Stress, and Expense

Without an LPA, your loved ones must navigate the complicated process of applying to the Court of Protection to make decisions for you. This can be lengthy, costly, and stressful.

4. Protect Both Financial and Health Interests

There are two types of LPA:

• Property & Financial Affairs: This covers money, property, and financial decisions.

• Health & Welfare: This pertains to medical treatment, care decisions, and where you live.

  
  

You can establish one or both types to ensure that all aspects of your wellbeing are safeguarded.

5. Peace of Mind for You and Your Family

Knowing that your wishes are legally documented gives both you and your loved ones security and reassurance. Someone you trust will be able to act on your behalf if necessary.

Don't Leave It Too Late

At Citywide Wills, I work with clients across Warwick, Coventry, and the wider Warwickshire area. I aim to make LPAs clear, straightforward, and stress-free. As a fully certified Will Writer and Estate Planner, I offer expert advice and home visits at your convenience.

Whether you are planning for your future or helping a family member take the right steps, creating a Lasting Power of Attorney now is one of the most critical decisions you can make. It can save your family a lot of heartache and hassle down the line.

An LPA is not just about legalities. It ensures that your values and wishes are respected. If you need some help and guidance, do not hesitate to reach out.

Book a free initial consultation today — and protect your future peace of mind.

Final Thoughts: Why Acting Now Matters

Establishing a Lasting Power of Attorney is essential. It eliminates uncertainty and secures your autonomy, ensuring your preferences are honored. Take action today to prevent future complications. Don't wait until it's too late to protect yourself and your loved ones.

In conclusion, having a Lasting Power of Attorney in place is a proactive step for anyone considering their future wellbeing and the needs of their family. It's a simple process that could save immense difficulty and stress later.