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Your Guide to the Lasting Power of Attorney (LPA)

Many people are familiar with a will – it contains instructions to their loved ones on managing their affairs upon death. But what happens in the event when you lose mental capacity, and cannot make decisions nor manage your affairs by yourself? You risk having your financial assets frozen, since your loved ones cannot access them without your consent. Various institutions may not recognise decisions that your loved ones make for you, causing them unnecessary frustration and hardship. To act for you and manage your affairs, your loved ones will have to apply to become your deputy through the courts...