A Lasting Power Attorney (LPA) enables you to appoint someone to help you to make decisions or make decisions on your behalf, should you be unable to do you by yourself.
There are two types of LPAs: a Lasting Power of Attorney for Property and Financial Affairs, and a Lasting Power of Attorney for Health and Welfare. A Property and Financial Affairs LPA allows your attorneys to make decisions for you about your bank accounts, investments, your home and other properties, your pensions and anything else which you own.
A Health and Welfare LPA allows your attorneys to be able to make decisions about your day to day care, such as where you should live, and what medical treatments you should receive. You can also give your attorneys authority to be able to refuse consent to life sustaining treatment on your behalf if you wish.
You are able to tailor both types of LPA to your own individual circumstances and to your own particular wishes and values.
We understand that Lasting Powers of Attorney give your attorneys a large amount of power over your affairs and should therefore not be rushed. By taking the time to identify your priorities, we can write bespoke LPAs that reflect your personal circumstances. This will mean your attorneys will have all the appropriate powers and relevant guidance to ensure that they can make decisions for you which you would have made for yourself, if you had been able to do so.
LPAs are important at any stage of life. For an older person, care fees may need to be funded, while a younger person with a dependant family could need school fees or the mortgage paid. Having someone in place to do this is essential, and will mean that there is always someone who can, amongst other things, manage your investments so they do not lose their value, pay day-to-day expenses, and, if necessary, sell property.
If you would like more information on lasting powers of attorney, call one of our lasting power of attorney solicitors on 01865 987781, who will be able to offer you tailored advice on how to proceed.