Common Misconceptions About Lasting Powers Of Attorney

'I already have a Will so I do not need a Lasting Power of Attorney too'

A will is a separate testamentary document to a Lasting Power of Attorney. Lasting Powers of Attorney give your appointed attorneys the ability to manage your property & financial affairs and health and welfare decisions during your lifetime.

Whereas a Will only comes into effect upon your death, where your named executors will deal with the administration of your estate. Whilst you can have the same people as your attorneys and executors, these are two different roles.

'My Partner will deal with my affairs if I am no longer able to manage them myself'

Whilst it may be your wish for your Partner to take over your affairs once/if you are unable to, they would not have legal authority to do so without a Lasting Power of Attorney in place. Having Lasting Powers of Attorney creates a sense of security and ensures that you can formally put in place who you wish to manage your property & financi