When Should I Create an LPA?
The short answer: now. A Lasting Power of Attorney can only be created while you have mental capacity. Once that capacity is lost, it is too late.
The Risk of Waiting
Mental capacity can be lost suddenly through accidents, strokes, or illness. Without an LPA, your family would need to apply for a costly Court of Protection Deputyship, which can take 6+ months and cost significantly more.
Life Events That Should Prompt an LPA
Turning 18
Once you become an adult, your parents can no longer make decisions for you legally. An LPA ensures someone you trust can help if needed.
Buying Property
If you own a home, an LPA ensures someone can manage mortgage payments, sell the property, or deal with tenants if you cannot.
Getting Married or Having Children
Protect your family by ensuring your spouse or partner can make decisions about your finances and health if something happens to you.
Health Concerns
If you have a diagnosis that may affect your capacity in the future (such as early-stage dementia), creating an LPA now is essential.
Why Young People Need an LPA Too
Many people think LPAs are only for the elderly, but accidents can happen at any age. A serious car accident, sports injury, or sudden illness could leave you unable to manage your own affairs.
Creating an LPA in your 20s or 30s gives you peace of mind that your wishes will be respected no matter what happens. Learn about both types:
- Property and Financial Affairs LPA - for managing your money, bills, and property
- Health and Welfare LPA - for decisions about medical care and daily life
Helpful Resources
The Best Time Is Now
Do not wait until it is too late. Create your LPA today in about 20 minutes.
Start Your LPA