Lasting Power of Attorney
Lasting Power of Attorney
Planning ahead to make sure your loved ones are taken care of after you’ve gone is something that is important to many. But have you thought about making plans to safeguard your own welfare and finances during your lifetime?
Whilst it can be difficult to imagine a time when you might be unable to make your own decisions, life can from time to time thrown a curve ball, so it is vital to be ready by appointing someone you trust to take care of your best interests should you become unable to do so. A Lasting Power of Attorney will legally enable you to do just that.
Since 1969, Partridge Muir & Warren has been taking care of the financial and estate planning needs of the people of Surrey. Something we always recommend to our clients when planning their estates is making a Lasting Power of Attorney (LPA). Because putting the best interests of our clients first has always been of paramount importance to us here at PMW.
Why are Lasting Powers of Attorney so important?
A Lasting Power of Attorney allows you to appoint a trusted person, your ‘attorney’, to make decisions for you that fall in line with your wishes and best interests. There are two types of LPA.
A Health and Welfare LPA grants your attorney the power to make decisions about the likes of medical care, long term care, life sustaining treatment and daily routine. This type of LPA can only be used when you become unable to make your own decisions.
A Property and Financial Affairs LPA allows your attorney to make decisions about money and property. These may include managing bank and building society accounts, collecting pension and benefits payments, paying bills and selling or renting out your home. This LPA can be used as soon as it is registered with the Office of the Public Guardian and with your permission, or at a time you stipulate when making it.
Watch our video to find out what we can do for you
Why choose PMW for your Lasting Power of Attorney?
The City of London Wealth Management Award has been presented to us for two consecutive years, acknowledging our quality of service. We have also been named Wealth Manager of the Year Southern England following votes from our clients and the public and, in addition, have been presented with the title of Best UK Independent Adviser by Advisory HQ for the past four years.
Partridge Muir and Warren’s approach has always been a friendly, helpful and informative one. l am very happy to be part of the PMW family.
One of PMW’s underlying strengths is that every client is treated as an individual and the company ensures that it offers a specialised service tailored to the client’s needs and not one based on a ‘one size fits all’ approach. I have used PMW for over 35 years and therefore observed, at close hand, the increasing sophistication of their analytical investment approach which has resulted in wise and appropriate choices of suitable investment products, and I have been very pleased with the returns obtained. Indeed, I have recommended them to friends which, of course, is the ultimate test of a client’s satisfaction.
I have been with PMW for seven years and they have always been very professional, easy to work with and courteous. Most importantly, they cover every aspect of our financial necessities and have achieved our investment goals and objectives. They are exactly what retired investors need. Very professional but in a most pleasant way. Our meetings are always very enjoyable and I look forward to them.
I first met Simon Lewis at a pre-retirement seminar run by my employer in mid ‘90s. It was my first experience of wealth management and at that time had little surplus wealth to invest, but I signed up. I retired after a career which included long periods on contract working outside UK, and so I have neither a full state pension, nor a maximum employer’s pension. Management of our savings is thus of great importance, as regular withdrawals provide a top up to our income. Over the years we have learnt more about PMW and Simon, who is now CEO, and have come to trust their investment philosophy. It is completely tailored to our requirements, as a result of in depth and regular discussion with us. PMW have what I regard as an intensive doubting style. They do not take potential investment funds at face value, but dig under the surface to determine whether the fund is sound, before investing. They also ensure that the fund continues to perform. Not only are we able to withdraw a regular income from our savings and achieve an agreed, and satisfactory, capital appreciation, but we have also called on our funds from time to time to buy a larger item such as a new car, and the funds have been released and available quickly. We have no hesitation in recommending PMW to you. Our funds are managed prudently and professionally and we have confidence that they will manage your funds in the same way.
You have looked after me extremely well over the years and have always been approachable, helpful and easy to talk to. Thank you.
Many thanks for your continued patience and understanding, which is much appreciated.
We can’t thank you enough for this. I know your presence alone has been of great comfort to my mother; your expertise is clearly huge and so useful to us at this difficult time.
Your help and guidance was most invaluable and very much appreciated in this respect, as it was all way beyond my understanding of these matters. You have been extremely patient and understanding throughout the whole procedure. I cannot thank you enough for all that you have done for me – you were wonderful.
“We can rely on PMW’s guidance and knowledge with the various markets. Whilst I take a bird’s-eye view of what is going on in markets, it is reassuring that we know that PMW can deliver an in-depth view – that over time has proved to be successful”
“After 40 years of advice we feel that our finances are sound and being very effectively managed. We are regularly updated and meet every six months when we have a very comprehensive meeting reviewing the past and planning for the future. We are confident that future generations will be provided with their astute advice.”
Attorneys can only act under an LPA once they are registered with the Office of the Public Guardian.
If an appointed attorney becomes bankrupt or subject to a debt relief order, then they will be unable to act for financial decisions. This will not affect a Health and Welfare EPA.
We can also professionally support any family or friends you appoint as attorney should they need help in carrying out their duties.
If you do have an EPA though, it is wise to discuss your current circumstances and wishes with a legal expert, in case it would be beneficial to revoke your EPA and replace it with an LPA. You may also wish to consider making a Health and Welfare LPA to complement your EPA so that your attorneys have the power to make health and welfare decisions as well as financial ones.