What is a Lasting Power of Attorney (LPA) ?
A Lasting Power of Attorney (LPA) gives another individual the legal authority to look after specific aspects of your affairs. There are two types of LPA:
1. Health and Welfare- This allows you to choose a person (or persons) to make decisions about things like your daily routine and medical care.
2. Property and Financial Affairs- This allows you to choose a person (or persons) to make decisions about money and property such as paying bills or selling your home.
Why should I make an LPA?
As people may become incapacitated through accident or illness, we would recommend putting in place an LPA at the earliest opportunity. If you do not have an LPA and later become mentally incapacitated, relatives may face delays and expense applying to the Court of Protection to take control of your finances.
For more information, please contact our Private Client department for expert and professional advice.