[SWANLEY, 08/30/2019] – Future Legal Service Ltd provides legal assistance to help individuals create a Lasting Power of Attorney (LPA) before a serious illness or injury incapacitates them. The firm says an LPA is as important as a will because it helps secure the future of clients’ family.

Minimise Future Conflicts

Future Legal Services Ltd explains individuals should place an LPA as early as possible to reduce the conflicts and stress family members have to endure in the future. The firm also emphasizes an LPA is not only for the elderly. This also applies to partners who pay household expenses equally, but the accounts are under the name of one party.
An LPA provides the following benefits:
• Prevent causing unnecessary emotional stress to loved ones
• Provide the partner with access to vital accounts that are not in joint names
• The family gets control of the client’s assets
• Allow trusted individuals to make financial and medical decisions on behalf of the client
• Reduce the burden on loved ones at a difficult time
Future Legal Services Ltd adds an LPA is legally binding.

No LPA in Place Comes with Consequences

Future Legal Services Ltd says people who do not create an LPA put their assets at risk of being in the hands of total strangers. The firm explains it is illegal to access someone’s accounts despite knowing the passwords and PINs.
Individuals have to apply for a deputyship to the Court of Protection (COP). They will have the power to make decisions for the accounts involved once the COP granted their application. In case of denied deputyship, the local authority will have control of the accounts as well as the decision making on finances, healthcare and day-to-day living.

About Future Legal Services Ltd

Future Legal Services Ltd, established in 2006, is a leading will writing and estate planning provider in the UK. The team of professionally accredited personnel prepares clients’ wills protected with indemnity insurance to the value of £5 million. The firm is also a member of the Professional Association of Legal Services (PALS), allowing the firm to continue providing service even if they cease trading.
Visit the Future Legal Services Ltd website to learn more.