PEOPLE interested in learning more about wills and a lasting power of attorney (LPA) are invited to attend a talk at Burley-in-Wharfedale Library.

On Friday, September 27 at 2pm Alice Leslie and Megan Boldison, two lawyers from Gordons LLP, who are specialised in advising on wills and LPAs, will be presenting on the topics “Wills and Powers of Attorney – when do I need them?” and will be available afterwards to answer any questions. There is no need to book a place.

It is a common misconception that you only need a will and a lasting power of attorney in later life. The reality, however, is that most people should have a will and LPA, regardless of age.

A will can provide protection for unmarried couples and couples with children from previous relationships; safeguard assets; and be used to appoint guardians for young children if both parent were to die whilst their children are under 18. Wills can also be used as part of an inheritance tax planning exercise.

An LPA is a document which authorises someone of your choice to make decisions on your behalf in the event that you no longer have the mental capacity to do so yourself. There are two different types: one to deal with finances, and one to deal with healthcare. As with a will, an LPA should not just be sought in later life, as a person could lose mental capacity at any point, for example as a result of an accident.

Furthermore, you can’t make an LPA if you have already lost mental capacity. If someone loses mental capacity and doesn’t have an LPA in place, then an application would have to be made to the Court of Protection. The Court would appoint a deputy to manage the individual’s affairs.