Formerly known as ‘Enduring Power of Attorney’, today’s Lasting Power of Attorney replaced EPAs in 2007 – making the process more streamlined and accessible. A Lasting Power of Attorney is something you should look ahead to in the event that a loss of mental capacity becomes a barrier to making decisions regarding your future.
While none of us wants to consider losing our mental capacity, having an LPA in place will ensure your best interests can be met, as well make sure any assets you have are readily available to contribute towards your ongoing care. A reduction in mental capacity can happen suddenly – due to a stroke for example, or more gradually as dementia develops. Act now and you can protect yourself and your loved ones from a mountain of obstacles to climb if there is no Lasting Power of Attorney is in place.