Lasting Power of Attorney
A Lasting Power of Attorney (LPA) gives a person (or persons) of your choice the legal power to deal with your assets and to make decisions about your personal circumstances on your behalf. It is put in place in advance so that your family and/or friends can take over your affairs as easily as possible. LPAs replaced Enduring Powers of Attorney (EPA) on 1st October 2007, but any EPA in existence at that date will continue to be valid.
There are two types of LPA:
Property and Financial Affairs LPA – this enables you to appoint named person/persons (‘Attorneys’) to deal with your finances and assets generally – this could involve issues such as selling or buying a property on your behalf, dealing with your bank accounts and income and paying bills.
Health and Welfare LPA – this allows you to appoint named person/persons (‘Attorneys’) to make important decisions for you such as which medical treatment is best for you, as well as day-to-day decisions regarding where you live and how you are looked after. Your Attorneys have a duty to act in your best interests but can be guided by the express directions and wishes that you set out in your LPA. This arrangement helps to ensure that your wishes are carried out even if you are no longer able to express them yourself. It is also extremely useful if you are not married but want your partner to be involved in any decisions made about your treatment and care.
If you would like advice about a Lasting Power of Attorney, would like us to draw one up for you or need to register an Enduring Power of Attorney please contact Harriet Thorneloe.