What if a document could act like your superhero? Making decisions for you, stepping up in the need of the hour, and taking action when you can’t? That’s power of attorney (POA) for you, in a nutshell. 

Getting a lasting power of attorney (LPA) online could truly help in the face of uncertainty. As an early measure, it could be one of the best decisions you can make for yourself and your family. Setting up a POA online has never been easier, and with the latest technology, you can now do it all online! 

In this article, we’ll explore what a power of attorney is. Let’s dive in!

What is a Power of Attorney?

A power of attorney is a legal and written document where you can entrust someone else to act in your favour while making financial decisions, dealing with matters related to properties, and taking health-related decisions for you. In essence, it is like giving the steering wheel of your life to someone who you know will defend your interests when it comes to the unpredictable events in life.

Why Would You Need a Power of Attorney?

We never think about being in a position where we can’t make decisions for ourselves. However, in cases of accidents, illnesses, or ageing, there’s always a chance that you may need someone else to act on your behalf.

In the absence of a power of attorney, your family or loved ones may have to deal with lengthy legal proceedings that are both stressful and time-consuming.

By appointing a Power of Attorney, you decide:

• Someone who can act on your behalf.
• The extent of their power to make decisions.
• When can their power to make decisions kick in?

Two Types of Lasting Power of Attorney

In our country, there are two main types of LPA:

1. Health and Welfare LPA

The powers of the health and welfare LPA are limited to medical decisions and health care for those individuals who are physically unable to make these decisions for themselves. Health and Welfare LPA only comes into effect when you are completely incapacitated to make a decision. 

2. Property and Financial Affairs LPA

Property and financial affairs LPAs allow for decisions regarding finances, properties, assets, payments, and bills. The entire arrangement works on the idea of principle and agent. Unlike health and welfare LPA, this can come into effect while you are healthy and able, but out of the country and need a helping hand to manage your affairs.

How to Set Up a Lasting Power of Attorney Online

Setting up a POA online has become easy and no longer a time-consuming, lengthy, and complicated process. You can appoint a POA online with just a few clicks. 

Here is how you can set up a power of attorney online: 

1. Choose Your Attorney(s)

You must choose someone you trust with the affairs of your life, like a close friend or a family member. You can also appoint a lawyer to be your attorney. Regardless of who you choose, they must be willing and competent enough to take on the responsibility.

2. Fill Out the Forms

Getting a POA online is simple. Select a registered company that allows you to appoint a power of attorney online and fill out the standard forms. Upload and submit your identity cards and proof of residency. 

3. Get It Signed and Registered

When your forms are filled out, they will require your signature, the signature of your attorney, and that of a witness, so that you can file for registration. 

4. Relax

As soon as your LPA is registered, you’re covered. Your superhero document will soon come into effect and shield you from the uncertainty of the future.

When Should You Set Up an LPA?

An LPA is not limited to those with pre-existing medical conditions; anyone can be found incapable of making sound decisions at any time. Appointing an LPA is important for your future. It’s like keeping insurance for a car—you don’t think about it unless there is an accident. Getting an LPA for any uncertainty in the future can let you get on with life worry-free!

Don’t Lose Control

It is a common misperception that obtaining a POA means losing decision-making authority. However, that is not true. The powers of a POA only come into effect when you decide they do. You can also make specific wishes and decisions that a POA will take care of. 

To Sum Up

Do not procrastinate about the future. Take active decisions and keep a plan in place by appointing a POA. This is one of those things you’ll wish you’d done sooner if the need arises. 

You are securing your future and helping the people who matter to you by preparing an LPA. Are you ready to take the first step? Get started online. Your superhero document is just a few clicks away.