New Year Resolutions: Sky Diving, Base Jumping, Lasting Power of Attorney?
Written by David Cornelius | Wills, Trusts, Tax and Probate Team | 04 January 2024
As we usher in the New Year many of us focus on what we plan to achieve in the next few months. That might be confronting our fears with an extreme sport or, maybe, preparing a Lasting Power of Attorney (LPA).
In the spirit of embracing adulthood with wisdom, it's crucial to consider resolutions that go beyond the conventional. Picture this: just as extreme sports enthusiasts prepare for the unknown, why not embark on the adventure of securing your future through a LPA?
Let's unravel the mystery behind LPAs. In the UK, an LPA is a legal document that allows you to appoint someone (known as an attorney) to make decisions on your behalf, especially if you become unable to do so due to illness or incapacity. It's like having a trusted co-pilot for life's unexpected turbulence.
Just as extreme sports enthusiasts embrace the unknown, individuals creating LPAs are acknowledging the unpredictable nature of life and choosing to face it head-on.
When you participate in extreme sports, you take calculated risks with the assurance that you've prepared for the worst-case scenario. Similarly, having an LPA is like equipping yourself with a safety parachute for life's unexpected freefalls. It ensures that, in the event of incapacity, decisions about your health, finances, and general welfare are in the hands of someone you trust.
Extreme sports enthusiasts are masters at maintaining control in the face of chaos. By creating an LPA, you're taking control of your future, deciding who will manage your affairs when you're unable to do so yourself. It's a proactive way to navigate the uncertainties that may lie ahead.
Just as extreme sports require courage and commitment, establishing an LPA is an act of bravery against the procrastination that often surrounds legal matters. Making it a resolution signifies a commitment to face important decisions head-on and protect your interests proactively.
Extreme sports enthusiasts often consider the impact of their pursuits on their loved ones. Similarly, having an LPA in place is a fearless act of family planning. It provides your family with clear guidance during challenging times, sparing them the burdensome decision-making process.
As you pen down your New Year resolutions, consider taking the leap into responsible adulthood by prioritizing the creation of a Lasting Power of Attorney It's not about the adrenaline rush but the peace of mind that comes from knowing you've secured a safety net for life's unpredictable twists and turns. Cheers to a New Year of resolutions that go beyond the ordinary!
If you would like to discuss this in more detail, please call our expert Wills, Trusts, Tax and Probate team on 01752 827067 or email wills@nash.co.uk.
