A Power of Attorney is a bit like a Will – you often don’t organise one until you need it, and then it’s too late.
A Lasting Power of Attorney (LPA) allows people you trust to make decisions about your health and finances if you lose the capacity to do so yourself. And it’s not enough to be married to someone; even your spouse cannot make those sorts of decisions for you without an LPA.
Just ask Kate Garraway, or read our article about what happened when her husband was incapacitated with Covid. Having your Will and LPAs in place allows you to look after yourself and your loved ones.
When should I organise my Lasting Power of Attorney?
In a recent episode of The Martin Lewis Money Show Live, Martin Lewis makes no bones about the importance of having an LPA.
In the same program, he tells a studio guest that 25 is ‘a good age‘ to organise your LPA.
How do I organise my LPA?
Martin says one more thing about arranging your LPA:
As you are giving someone so much power over your life when you give them Power of Attorney, it’s important to get it right, and talk to a qualified professional about your decision. Preferably someone who has nothing to gain from your LPA!
How long does it take to arrange a Lasting Power of Attorney?
This is why it’s a good idea to start dealing with your LPA in good time, when you are not in a hurry.
In a previous post, we confidently predicted that delays in LPAs were slowing down. This has sadly not come to pass. The Office of the Public Guardian hoped to get the timescale from application to award of LPA down to 8 weeks, but it looks like it’ll stay at least 20 weeks for some time to come.
Start the process now!
So get it all underway now and you’ll be sorted.