Law firm launches Pink Envelope to store power of attorney documents
Summarised from 2 outlets · Updated 1 Nov, 11:20 · Archive
A law firm has introduced a free, highly visible envelope to help families store and locate Lasting Power of Attorney documents.
Phillips Law has introduced a free Pink Envelope scheme to help clients store Lasting Power of Attorney documents in a safe and easily identifiable place. The initiative is designed to address the difficulties families face when important paperwork cannot be located during stressful times, according to Lisa Perry, partner at the firm.
LPAs are legal documents that allow people to appoint trusted individuals to make decisions on their behalf if they are no longer able to do so. A Property and Financial Affairs LPA allows appointed attorneys to manage bank accounts, bills, pensions, benefits, investments and property. With permission, these attorneys can also use the LPA while the person still has mental capacity, such as during a hospital stay.
Perry said that when an elderly relative or parent starts to lose mental capacity, families often face the added stress of searching through filing cabinets and piles of paperwork to find the documents they need to step in and help. The Pink Envelope aims to solve this problem by providing a single, recognisable location for these essential documents, making them easier to find at an already difficult time.
How it is being reported
- The simple trick to keep your documents safeThe end of the year is a useful time to take stock of your financial and legal affairs. It is easy to get wrapped up in Christmas madness and forget about the documents and decisions that could make life easier for you and your family in the future.Romsey Advertiser · 1 Nov, 10:00
- The simple trick to keep your documents safeThe end of the year is a useful time to take stock of your financial and legal affairs. It is easy to get wrapped up in Christmas madness and forget about the documents and decisions that could make life easier for you and your family in the future.Basingstoke Gazette · 1 Nov, 10:00
In this story: Phillips Law · Lisa Perry
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