
Lasting Powers of Attorneys are equally, if not more, important than having a professionally written Will. At any age, we can find ourselves incapacitated owing to illness or injury, making having a reliable person to handle your personal affairs and remove the anxiety of unpaid bills invaluable. Similarly, as we get older, the importance of having an attorney increases as we are naturally more exposed to illness and injuries.
Creating a Power of Attorney in advance, ensures that if a negative health situation were to unfold, you can rest assured that all of your affairs, both personal and financial, are in safe hands.
Lasting Powers of Attorney (LPA) documents should be viewed as similar protection to an insurance policy that you can take out should you suffer from a health issue that leaves you unable to care for yourself, at some point in the future. However, they should always be developed and written in advance of any problems arising because, similar to an insurance policy, you cannot use it to cover an issue which has already occurred.
It is never too early to have these documents in place, however it can often be too late.