Lasting Powers of Attorney
A Lasting Power of Attorney (LPA) is a legal document that allows you (the donor) to appoint one or more trusted people (attorneys) to make decisions on their behalf in case you become unable to make decisions for yourself due to mental incapacity or other reasons.
There are two main types of LPAs:
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Lasting Power of Attorney for Property and Financial Affairs: This LPA grants the appointed attorney(s) the authority to manage the donor's financial affairs, including handling bank accounts, paying bills, managing investments, and selling property. It can be used if the you lack mental capacity or if you prefer the attorney to act on your behalf even while you have mental capacity.
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Lasting Power of Attorney for Health and Welfare: This LPA authorises the appointed attorney(s) to make decisions regarding your health and welfare, including medical treatment, where you live, and other personal matters. It can only be used if you lack mental capacity.
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Creating an LPA involves completing specific forms provided by the Office of the Public Guardian in England and Wales (or equivalent authorities in Scotland and Northern Ireland), and it requires your signature, attorneys, and witnesses. I will ensure that the LPA is registered with the relevant authority before it can be used.
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Having an LPA in place allows you to plan ahead for potential incapacity, ensuring that trusted individuals are empowered to make decisions in your best interests. It provides peace of mind for both you and your loved ones, as it can help avoid the need for costly and time-consuming court proceedings to appoint someone to manage your affairs in case of incapacity.
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