A Lasting Power of Attorney (LPA) is a crucial legally binding document that gives you the power to choose one or more estate attorneys to decide on your behalf, should you lose your mental capacity. To make an LPA, you must be of sound mind and above 18 years old. Below are four benefits of having an LPA in place.
– It gives you the power to determine who will manage your properties and money should you lose your mental capacity in the future.
– An LPA is legally binding. This means that no one can go against your wishes.
– Making an LPA by yourself is cheaper. If you don’t make an LPA now, then your loved ones will be forced to make an application through court, a process that is lengthy and expensive.
– An LPA gives you and your family peace of mind.
Do you want to make an LPA? Call Meurer Law offices, P.C today. Our experienced estate planning attorney will advise you on the best course of action to take.