With the rising cost of living putting increasing pressure on households, dubbed ‘Awful April’ in the media, it’s more important than ever to plan for the future. At O’Donnell Solicitors, we understand the financial challenges many individuals and families are facing, which is why we are offering a free will drafting service this spring when you instruct us to prepare Lasting Powers of Attorney (LPA).
Together, these documents form a vital part of future planning, giving you peace of mind that your affairs will be managed as you intend.
A Lasting Power of Attorney (LPA) is a legal document that allows you to appoint trusted individuals – known as attorneys – to make decisions on your behalf should you become unable to do so. There are two main types of LPA:
- Property and Financial Affairs LPA – This enables your chosen attorney(s) to manage your financial matters, including paying bills, managing bank accounts, dealing with investments, and even selling property if necessary. This can be particularly beneficial if you lose mental capacity due to illness or an accident, ensuring that your financial affairs are handled smoothly without the need for costly and time consuming court applications.
- Health and Welfare LPA – This allows your attorney(s) to make decisions about your medical care, living arrangements, and even life-sustaining treatment. Unlike a Property and Financial Affairs LPA, this can only be used when you are no longer able to make these decisions yourself.
Having an LPA in place provides peace of mind that someone you trust will be able to act on your behalf when needed. Without an LPA, if you lose mental capacity, your loved ones may have to go through a lengthy and expensive court process to be appointed as your deputy – a process that can be stressful, expensive and time consuming.
How to Claim Your Free Will
To benefit from this limited-time offer, simply instruct O’Donnell Solicitors to draft a Lasting Power of Attorney before the end of April, and we will provide a basic single will free of charge. If a more complex will is required, we can discuss your needs and any additional costs in advance.
By taking advantage of this offer, you can secure both your financial and personal interests while also easing the potential burden on your family. If you have been meaning to put these arrangements in place, now is the perfect time to do so.
To find out more or to book an appointment, get in touch with our Private Client team today by calling 01457 761 320.
