There are two types of Lasting Power of Attorney, one for Property and Financial Affairs and the other for Health and Welfare. These documents allow you to appoint Attorneys to act on your behalf should this ever become necessary.
In a very litigious and risk adverse world it is no longer possible for someone to make decisions for you if you are incapacitated and unable to make the decisions for yourself without the legal authority to do so. Power of Attorney gives that authority.
In addition, the Property and Financial Affairs document allows your chosen Attorneys to deal with your money, property sale, investments and insurance at your request. So if you are going to be out of the Country for extended periods, or perhaps have mobility difficulties, Lasting Power of Attorney can ensure that your affairs are dealt with by someone of your choosing.
Sadly, we must all consider the possibility of being unconscious or otherwise incapacitated and the Health and Welfare Power of Attorney allows your chosen attorneys to make decisions on all health matters from resuscitation to residential care.
Lasting Power of Attorney is essential as it ensures that you are properly looked after and represented by the people that you trust the most.