25

Apr

GDPR and LPAs: why it’s more important than ever to get a power of attorney in place

A new data protection regulation (GDPR) is due to come into force on 25th May 2018.

Whilst many commentators believe that this will offer more protection and accountability for firms handling your personal details, the expert solicitors at Future Planning Solutions outline why it is now arguably more important to have a Lasting Power of Attorney in place.

To speak with a member of our specialist estate planning team regarding your power of attorney needs, call 01282 695400.

Why you need a LPA

A Lasting Power of Attorney is a legal document which lets you choose people to help you make decisions or make decisions on your behalf about your property and finances or your health and welfare when you are not able to make those decisions for yourself. Whilst it can be difficult to think of a time when you may lack capacity through illness, age or accident, it is only sensible to prepare for the future.

To learn more about the different types of Lasting Power of Attorney, click here.

At Future Planning Solutions, we firmly believe that every adult should have an LPA in place.

What is GDPR?

GDPR stand for General Data Protection Regulation. When it comes into force next month, GDPR will replace the existing 1995 Data Protection Directive and will be applicable in all EU member states.

GDPR places a renewed emphasis upon how personal data is stored and used with heavy fines to be imposed on businesses who breach the terms.

GDPR and LPAs: what’s the fuss?

Whilst it may seem that the new data protection regulation will have little impact on the world of Lasting Powers of Attorney, the tougher restrictions on data processing mean that more checks will exist for those who seek to act on another’s behalf.

Remember, if you do not have a Lasting Power of Attorney in place, no one has the legal authority to make decisions for you if you are unable to do so yourself.

This means that any informal agreements that were in place before GDPR may no longer be valid.

Contact the Lasting Power of Attorney solicitors at Future Planning Solutions

Future Planning Solutions have helped hundreds of Lancashire residents with their power of attorney needs.

To discover how we can help you, call our specialist solicitors on 01282 695400.

Or, if you’d rather that we contact you, fill in a few details online and a power of attorney expert will be in touch as soon as possible.

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