To apply for Lasting Power of Attorney in the UK is probably one of the best things you will ever do but how and why?

If you die, you can have a will to decide where your estate will go. Even if you die without a will, your estate passes to people in a very prescribed way.

However it gets complicated if you are incapacitated for any reason but yet bills and decisions still need to be made. If you are lying in a hospital bed, in a coma or nursing home then who makes these decisions. Well in the UK, you can take out a Lasting power of Attorney or LPA that says who can take financial and health decisions on your behalf.

You can get a solicitor to do this for you, or if you want you can do it yourself through the governments LPA portal which can be found here:
https://www.lastingpowerofattorney.se...

You can return to the form filling at any stage and the fee is £82 for a Financial LPA and £82 for a Health LPA.

The process is fairly straightforward, but the governments website does explain everything in some detail. As with everything financial, if you are unsure then speak to someone who does. This could be a financial advisor or a solicitor who can also do all the paperwork for you too.

You may never need to use an LPA, but if you do, then you will be very pleased that you took some time to take one out now. Treat it as an inexpensive insurance policy that will mean that life continues when there's a hiccup in the road.


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