What is a Lasting Power of Attorney?
Lasting Powers of Attorney (‘LPAs’) have been discussed in the media regularly since their introduction by the Mental Capacity Act 2005. LPAs replace the previous Enduring Powers of Attorney and were designed to give more protection to the donor of the power.
An LPA allows you to choose who will deal with your financial affairs if you are no longer capable of acting on your own behalf. Your attorney must always act in your best interests and can only act when the LPA has been registered with the Office of the Public Guardian.
A separate LPA can be made allowing you to appoint attorneys to deal with health and welfare decisions on your behalf if you become incapable of doing this at a later date.
LPAs may look fairly simple to complete but this area of the law can be complex so expert advice should always be sought to ensure they are appropriate in each case.
Our team of dedicated experts are on hand to discuss any questions you may have, offer advice and to guide you through the process of putting an LPA in place if needed.