Have you ever considered what might happen if, at some point in the future, you were unable to look after your own property and finances or even your own care and welfare?
By making an LPA, you are able to choose who is to have the legal authority to manage your affairs and speak on your behalf if, in the future, you lose capacity to do so yourself because of physical illness, frailty or as a result of mental health issues.
If you don’t have an LPA and you lose capacity, it is likely that an application would have to be made to the Court of Protection, which can be both time consuming and expensive.