Lasting Power of Attorney
A Lasting Power of Attorney (LPA) is a legal document that allows you to appoint someone (or several people) you trust to help you make decisions or to act on your behalf should you become unable to do so.
It is a common misconception to assume that a partner, child or other relative will automatically be able to look after your affairs if you lose the ability to make your own decisions. Without a valid LPA in place, should you need help in making decisions, an application to the Court must be made which is both costly and timely.
There are two types of LPA as set out below
Health & Welfare LPA
Use this LPA to give an attorney the power to make decisions about things like:
your daily routine, for example washing, dressing, eating
moving into a care home
It can only be used when you’re unable to make your own decisions.
Property & Financial Affairs LPA
Use this LPA to give an attorney the power to make decisions about money and property for you, for example:
managing a bank or building society account
collecting benefits or a pension
selling your home
It can be used as soon as it’s registered, with your permission.
You can choose to make one or both types of LPAs. Business owners may also wish to consider making both a personal and business Property & Financial Affairs LPA
Discounts are available for combined LPAs and between couples.