Lasting Powers of Attorney

The benefits of making a Will are well known but there are also opportunities available to make provision in advance for the possibility of you becoming incapable of managing your own affairs during your lifetime.

A change in the law relating to Powers of Attorney took place on I October 2007 when Enduring Powers of Attorney (EPA) were replaced by Lasting Powers of Attorney (LPA). EPAs entered into before 1 October 2007 remain valid and can continue to be used as normal and may still be registered with the court.

An LPA is a rather more complicated document but the advantage of an LPA is that it is a more thorough document and protects the Donor of the power and now separately deals with the financial and property affairs of the Donor and personal welfare issues, so there are separate documents for each aspect as explained below.

 

Property and Affairs – Lasting Power of Attorney

These are designed for you to appoint attorneys to make a range of decisions including the buying and selling of your house and other assets, dealing with your tax affairs, operating bank and building society accounts and claiming benefits on your behalf.

You may wish to give Power of Attorney to a friend or relative and husbands and wives often nominate each other.  However, it is a powerful document and, rather than take risks, many people decide to appoint one or more of our Partners either on their own, or together with a family member. This ensures that professional expertise and financial protection, as well as a suitable attorney, is always available.

 

Personal Welfare – Lasting Power of Attorney

Attorneys appointed under this document can make decisions relating to your living accommodation and care, consenting to or refusing medical treatment on your behalf, and on day-to-day matters such as diet and dress.

 

Lasting Powers of Attorney