Following on from our very successful seminar on estate planning, it became clear that there is a general lack of knowledge about the importance of having a Lasting Power of Attorney (LPA).
Darren Norman of Watermark Legal Services provided valuable insight into the problems that can be encountered if no LPA is in place.
A lasting power of attorney (LPA) is a legal document that lets you (the ‘donor’) appoint one or more people (known as ‘attorneys’) to help you make decisions or to make decisions on your behalf.
This gives you more control over what happens to you if you have an accident or an illness and can’t make your own decisions (you ‘lack mental capacity’).
You must be 18 or over and have mental capacity (the ability to make your own decisions) when you make your LPA.
There are 2 types of LPA:
You can choose to make one type or both.
There’s a different process in Scotland and Northern Ireland.
Use this LPA to give an attorney the power to make decisions about things like:
It can only be used when you’re unable to make your own decisions.
Use this LPA to give an attorney the power to make decisions about money and property for you, for example:
It can be used as soon as it’s registered, with your permission.
Contact us if you require any further information.
Magenta Accounts
Unit 2A Poles Copse
Poles Lane
Otterbourne
Winchester
SO21 2DZ
Tel: 01962 717498
Mob: 07795 974685
email: info@magenta-accounts.co.uk
Wonderful, friendly service. Thank you so much for looking after us!
Faye Chandler, Oliver Chandler Limited
I would gladly recommend Keeley to anybody who is looking for a conscientious, detailed and hard working accounting professional. Both individually, during her career before Magenta, and now as part of the wider Magenta Accounts team Keeley has looked after my financial well-being over the last fifteen years, and has done it exquisitely well. In fact, so happy am I to recommend Keeley, that four of my closest friends now have their company finances managed by Keeley's safe hands at Magenta.
Mike Boreham. Managing Director, Quiddity Solutions Limited
Magenta have handled our payroll and invoicing for three years, and have had an extremely positive impact on Semantic. Between them the team now handle all my personal and professional needs.
Nick Warren. Managing Director, Semantic Limited
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Linda Green
Just a note to say how impressed I have been with Magenta Accounts and the service that you have provided me within my first 6 months of setting up my business. With being a new business, making sure I generate income immediately is vital, so by knowing that you are taking away of all my financial duties from me such as making small payments to providing monthly management accounts allows me to focus more of my time on other aspects such as growing the business and generating revenue. Each member of staff provides a personal and prompt service and it is comforting to know that whoever I speak to at Magenta Accounts, each member of staff is fully aware of my accounts and the current situation. I would fully recommend your company to any business who is looking for a service that not only helps take away the stress of looking after money, but also helps you grow as a business.
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