Setting up an LPA allows someone that you trust to act on your behalf should the need arise. Your chosen person can then manage your affairs in your best interests. This could be in the long term or until such time that you are able to take up the reins again yourself.
There are two types of LPA, both of which WillMaker Online Wills can help you with:
If you haven’t set up an LPA, your loved ones may have to pay out a lot of money on your behalf. The Court of Protection would have to appoint a deputy to manage your affairs, which is both time-consuming and costly.
An LPA will avoid the distress of a delay and also preserve your assets to pay for the care you may need in the future.