A Lasting Power of Attorney (LPA) is a legal tool that allows you to appoint someone to make certain decisions on your behalf. The appointed person can manage your finances for you in the future if you reach a point where you are no longer able to make decisions for yourself. They can also make decisions relating to your health and welfare. This person is referred to as your attorney.
There are two different types of LPA: a property and affairs LPA and a health and welfare LPA. Each type covers different decisions and there are separate application forms for each. You can choose to make both types, or just one. You can have the same attorney for both.
PROPERTY AND AFFAIRS LPA
A property and affairs LPA covers decisions about your finances and property. If there comes a time or situation where you can’t manage your finances, the attorney will do this for you. This can include paying your bills, collecting your income and benefits, or selling your house.
HEALTH AND WELFARE LPA
A health and welfare LPA allows the attorney to make decisions on your behalf about your health and welfare, if there comes a time when you are unable to make these decisions for yourself. A health and welfare attorney could make decisions about where you live, for example, or day-to-day care including your diet and what you wear.
BENEFITS OF MAKING AN LPA
There are a number of reasons you may wish to make an LPA:
- It can be reassuring to know that, if you are unable to make a decision for yourself in the future, your chosen person will make these decisions for you.
- Making an LPA ensures that the person you want to make decisions for you will be able to do so. This prevents a stranger, or someone you may not trust, from having this power.
- An LPA can reduce problems that may occur in the future. It is much more expensive and time-consuming for family or friends to try to gain a similar power from the Court of Protection in the future.
- Making an LPA can help prompt discussions with your family or others about your future wishes.
If you need advice on making a LPA then Law-Match can help.
Not only does Law-Match give you access to a lawyer within one hour of receiving your enquiry, we will also provide you with a telephone or face to face consultation at no charge. This means you can explore your options and quickly make informed decisions, without spending a single penny. The Law-Match network of firms will also guarantee that you will benefit from a discounted rate on their standard charges, or wherever possible no-win-no fee, to give you even more peace of mind.
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