Lasting Powers of Attorney will be 20 years old in 2027 – now is a crucial time to review yours, especially if it was made in 2007!
A Lasting Power of Attorney (LPA) if an important legal document that allows you to appoint trusted individuals to make decisions on your behalf if you lose ability to do so yourself. Despite its importance, it is often something people delay putting into place.
As your life circumstances evolve, so can the suitability of your LPA. Reviewing it regularly helps ensure it continues to reflect your wishes and provides the protection you originally intended.
Why Should you Review Your LPA?
- Relationship Changes
Over time, relationships change. If your attorney is a spouse, separation or divorce may make them unsuitable. Similarly, shifts in family or friendship dynamics can mean previous choices become outdated or no longer appropriate.
- New Family Arrangements
The birth of children or grandchildren, adoptions or the formation of blended families may influence who you would now prefer to appoint as your attorney(s).
- Changes to Attorney Availability
Your appointed attorney my relocate abroad, experience ill health, or lose mental capacity themselves. If they are no longer able to act, your LPA could become ineffective when it’s needed most.
- Death of an Attorney
If your appointed attorney(s) passes away and no replacement attorney has been named, your LPA may become ineffective.
- Financial Circumstances
Significant changes to your financial situation may mean your current arrangements no longer reflect your needs.
- Changes to Personal Wishes
As time passes, your preferences and priorities may shift. Regular reviews ensure your LPA continues to align with your current wishes and best interested.
Take Action Now – Free LPA Review
Ensuring your LPA is up to date gives you peace of mind that your wishes will be respected and your affairs will be managed by the right people, at the right time.
At Martin Kaye Solicitors, we offer a free LPA review service, to help check whether your existing documents still reflect your current circumstances and intentions. Our team will talk you through your arrangements, highlight any potential issues and advise on whether updates are needed.
Don’t leave it until it’s too late – book your free review appointment today.
If you have any questions or wish to nominate your Lasting Power of Attorney, please contact our Wills & Probate team on 01952 272222 or wills&probate@martinkaye.co.uk
