• Rachael Panteney

Why a Lasting Power of Attorney is just as important as a will...

There are many misconceptions around Lasting Power of Attorney.

1. It means giving up control

Actually, no. If you specify, your chosen attorney can only make decisions for you if you are unable to. For example if you are in a coma following a car accident. Once you regain consciousness, and your mental capacity, you will regain control of your affairs

2. You don’t need one unless you are old

Sadly, there is no set age when tragedy can befall you. A Lasting Power of Attorney isn’t just used for dementia type illnesses. A stroke, coma, delirium, concussion, severe mental health problems, neuro-disability/brain injury, alcohol and drug misuse can affect any one at any age.

3. My Spouse/Partner/Parents/Children can deal with everything

Surprisingly, they are legally not allowed to do this. Finding this out puts unnecessary pressure on your loved ones when they would rather be caring for you in your time of need.

4. You can get one if you need to

This is the biggest, and most dangerous myth. By the time it is needed, it is already too late. If you lose mental capacity without a Power of Attorney in place, your loved ones will need to apply to the Court of Protection to become 'deputy'. This can take several months (during which time your bank accounts could be frozen, your affairs neglected, and medical decisions made without your wishes in mind), and is a very expensive process. Furthermore, annual fees will need to be paid to the Court.

There are actually two types to consider: one for finance and property, and another for health and welfare. You can have both in place, or only one.

And you can have separate people as attorney for each – if you instruct one person as an Attorney for Property and Finance, they can’t make your Health decisions, and vice versa.

A LPA is a powerful legal document, and we feel that everyone should have them to protect themselves and those important to them. Contact us for more information.

Rachael Panteney

Financial Adviser

Willow Tree Financial Services

01323 436680


Willow Tree Financial Services.

A6 Chaucer Business Park,

Dittons Road, Polegate.

East Sussex, UK.

BN26 6QH

01323 436680


The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested. Your home may be repossessed if you do not keep up repayments on your mortgage. 

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