lasting Power of Attorney
Creating a Lasting Power of Attorney (LPA)
We advise all our clients to consider making a Lasting Power of Attorney. It allows a smooth transfer of the management of your affairs to your attorney, if you become ill or lose mental capacity. You can choose any trustworthy person including children or close friends to assist you.
Without an LPA it can be difficult to ensure that your affairs are managed properly.
There are two different kinds of Lasting Power of Attorney:
A ‘Property and Affairs’ LPA
This allows your appointed attorneys to help you administer your finances and other property, and if you lose mental capacity they can make decisions on your behalf and for your benefit.
A ‘Health and Welfare’ LPA
This allows your attorneys to make decisions about your medical treatment and care, but only after you have lost mental capacity and only in accordance with restrictions and guidance which you stipulate in the document.
Exercising powers under an LPA can sometimes involve difficult practical and legal issues, which can only be resolved with advice on the underlying statutory scheme. We can provide this advice to attorneys and those affected by their decisions.
Business Lasting Power of Attorney
A tailored ‘Property and Affairs’ LPA can be used allowing a trusted person to run your business if you become incapacitated.
Lasting Power of Attorney news
The only reason which we can think of why someone should not grant LPAs is that they cannot think of anyone suitable to act as the Attorney. We have to agree that appointing someone who is not trustworthy or reliable can only make things worse. Most people, however,...
Tassells offer expertise not only in Wills and Probate, but also Lasting Power of Attorney, Family Trusts (sometimes called Asset Protection Trusts), and Court of Protection matters. Some reasons for choosing Tassells: We are a very long-established Lexcel accredited...
A survey was recently carried out by a think tank called Centre for Future Studies on behalf of Solicitors for the Elderly. Two-thirds of people surveyed believe that their next of kin will be in a position to make medical and care decisions if mental capacity is...