Lasting Power of Attorney

Have someone to rely on when you need it most

What is a lasting power of attorney?

A lasting power of attorney, or LPA, is a legal document in which you appoint one or more people to make decisions on your behalf when you’re no longer capable of doing so. An LPA is a means of making proper arrangements for someone you trust to take care of your affairs, usually later in life, but whenever they’re called upon to do so.

Why is it a good idea to have a lasting power of attorney?

An LPA gives you peace of mind that someone you trust will be available to manage your affairs if such a time comes that you’re unable to do so.

  • If you’re unable to express your wishes or manage your finances, whether due to old age, a health condition, or an accident, your chosen attorney can make decisions relating to your health and care, or decisions around finances such as selling your property or managing your pension.
  • An LPA gives you the power to put someone you trust in this position.
  • Having an LPA in place can help ensure your spouse or partner is able to continue using things like joint bank accounts or managing your mortgage.
  • You can choose the right LPA for your needs and circumstances.
  • An LPA comes into effect as soon as it’s needed.

In an ideal world, your LPA will never need to come into effect. However, setting up an LPA is much cheaper and quicker than seeking a deputyship order from the Court of Protection should you suddenly become unable to make decisions for yourself.

Setting up an LPA means you have control over who you appoint to make those decisions, too.

What does lasting power of attorney cover?

You can set up an LPA for health and welfare or for property and financial affairs.

  • With a health & welfare LPA, your chosen attorney or attorneys can make decisions about the medical treatment you receive, day-to-day care and your daily routine, and other issues related to your health. These can include granting your chosen attorney the power to decide things like where you live, what you eat and drink, and who can visit you.
  • With a property and financial affairs LPA, your chosen attorney or attorneys will manage and make decisions about all your financial affairs and any property you own. These can include paying your mortgage and other bills, handling your debts, selling your property, managing your pension and other investments, and collecting other benefits on your behalf.

If you decide to set up both types of LPA, you don’t have to appoint the same attorneys.

Do I need to create any other legal documents at the same time as a lasting power of attorney?

While there is no requirement to do so, many people choose to set up an LPA at the same time as writing their will or undertaking other aspects of estate and inheritance planning.

LawPlus can also help you with these additional services if you wish.

Contact LawPlus to discuss your needs and get a quote today

Whether you’re looking to create a single LPA or want to undertake widespread estate and inheritance planning, including writing your will or setting up a trust, LawPlus can help.

Complete the form below to tell us your needs, and one of our LPA experts will be in touch!

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