Lasting Power of Attorney (LPA)
What is an LPA?
Introduced in October 2007 to replace Enduring Powers of Attorney, a LPA is designed for use where, through either physical or mental incapacity, an individual is unable to manage his/her financial affairs. There are two types of LPA, one for Property and Affairs, and one for Health and Welfare.
Who should be my Attorney(s)?
You can appoint anyone over the age of 18, provided they are not a registered bankrupt, and provided they have “mental capacity” themselves. We would normally recommend that if you are married, you appoint your spouse and one other to act as your Attorneys.
When should I sign a LPA?
As soon as possible. Without knowing what lies in store for us, it gives peace of mind knowing that whatever happens you have appointed someone you trust to act for you.
How do I arrange to prepare a LPA?
We will normally recommend that our clients prepare a LPA at the same time as writing your Will. This will therefore be discussed with you at our first meeting.
