A lasting power of attorney (LPA) is a legal document in which gives another person or persons (the attorney) authority to deal with matters relating to your property finances, and health and welfare, in case you are unable to handle your own financial affairs or make decisions.
An LPA is therefore like an insurance policy.
Even a spouse, a partner or a family member does not have the right to do this unless they are legally appointed as your attorney.
There are two types of lasting power of attorney:
- property and financial affairs, which allows your attorney which allows your attorney to deal with your property finances, and
- health and welfare, which allows your attorney to make ongoing care decisions on your behalf, should you lack the mental capacity to do so.
Call us if you would like any advice on Wills or LPAs.