Lasting Powers of Attorney
Why Everyone Ought to consider this option
In these days of soaring life expectancy and, at the same time, of a rise in debilitating conditions such as Alzheimers and other forms of Dementia it makes sense for a Husband and Wife especially with joint properties, or even a single person, to consider the benefits of a Lasting Power of Attorney.
If one party were to become ill then all management of joint Assets, Bank and Building Society Accounts and Properties comes onerous if not impossible.
In these circumstances, one would be forced to apply for a Court of Protection resolution which in turn would result in expenditure and months of delay whilst awaiting what could be urgent decisions upon movements of money or disposition of homes.
In these circumstances, the simple and direct way to resolve these issues is to have already executed joint Lasting Powers of Attorney as a pre-emptive measure. Once these are registered at the Office of the Public Guardian then they are fully live and effective in case they are ever required for deployment.
