- 23 May 2022
A Lasting Power of Attorney (“LPA”) allows your Attorneys to make decisions for you when you are unable to make them yourself. LPAs require particular procedures and formalities to be followed and, unlike a General Power of Attorney, they will not be automatically revoked if you become mentally incapable.
A LPA can be drawn up at any time by anyone over 18 whilst you have mental capacity but cannot be used by your Attorneys until has been registered with the Office of the Public Guardian.
There are two types of Lasting Powers of Attorney namely, a Property and Financial Affairs LPA and a Health and Welfare LPA.
A Property and Financial Affairs LPA will allow you to choose someone to make decisions about how to spend your money and the way your property and affairs are managed.
A LPA will give your Attorneys full control over your property and finances including:
You should also consider having a separate LPA if you own a business as a sole trader or in a Partnership or are in certain professions.
A Health and Welfare LPA allows you to choose someone to make decisions about your healthcare and welfare. Decisions about your personal welfare are wide-ranging. They can include decisions about where you live, how you are cared for and what health care you receive; they can also include specific decisions about medical treatments or more general decisions.
They are different from Living Wills (also known as an ‘Advance Decision’) which may only cater for some of the matters which are dealt with by a Health and Welfare LPA.
Here at Taylor Haldane Barlex our team of specialists can explain the benefits of a Lasting Power of Attorney and assist you in drawing up the documents to ensure that you have the appropriate protection in place. For more information please contact our team today.
For our offices in Chelmsford and Braintree please contact Roger Philpot on 01245 349696 or email firstname.lastname@example.org
- 23 May 2022
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