Welcome to Robert Shaw & Co, where we're more than just estate planners and will writers – we're your trusted partners on your journey to securing your family's future.

In this blog post, we will delve into the world of lasting power of attorney (LPA), a crucial aspect of estate planning that often goes overlooked.

If you've ever wondered what an LPA is, how much it costs, or how to use one, you're in the right place. Let's explore this essential topic together…

What is a Lasting Power of Attorney?

At it's core, an LPA is a legal document that allows you to appoint someone you trust to make important decisions on your behalf if you become unable to do so due to illness, injury, or old age. This trusted person is known as your "attorney." LPA's come in two main types:

Property and Financial Affairs LPA

This type of LPA grants your attorney the authority to manage your financial matters, such as paying bills, managing investments, or selling property, on your behalf.

Health and Welfare LPA

With this LPA, your attorney can make decisions about your health and personal care, including medical treatment, where you live, and day-to-day activities, ensuring your wishes are respected.   They can also have discussions with your medical professionals should the time come when a decision has to be made to let you go.

How much does a Lasting Power of Attorney cost?

The cost of setting up an LPA varies and depends on several factors, including whether you hire a legal professional to assist you. At Robert Shaw & Co our services are inclusive and affordable for everyone, LPA’s services start at £350.

Our team at Robert Shaw & Co is here to provide guidance and ensure your LPA is tailored to your specific needs while keeping costs reasonable.

Using a Lasting Power of Attorney

Using an LPA is not a decision to be taken lightly, and it's essential to understand the responsibilities involved. Your attorney should act in your best interests and follow your wishes as outlined in the LPA.

 Common situations where your attorney might need to act on your behalf include:

• Managing your finances when you are unable to do so

• Making decisions about your medical treatment

• Ensuring you receive the care and support you need

• Ensuring that your personal preferences are met when you might be unable to communicate them.

Creating an LPA is a significant step in ensuring your future and the well-being of your loved ones.

Our dedicated team at Robert Shaw & Co can provide you with a comprehensive guide to LPAs, answering any questions you may have along the way. We are here to offer empathetic guidance, leveraging our extensive knowledge and personal experiences to connect with you on a deeper level.

If you're considering an LPA or have questions about lasting power of attorney, please don't hesitate to get in touch with our team. We're here to empower you with the tools and support you need to make informed decisions and secure your family's future. Your journey is our mission, and we're honoured to walk alongside you.

Remember, your future matters, and we're here to help you protect it.