LASTING POWER OF ATTORNEY
What if I am unable to manage my affairs? Why EVERYBODY should have a Lasting Power of Attorney LPA
There may come a time in your life when you are unable to manage your financial affairs or personal welfare owing to some form of incapacity resulting from illness, injury or old age and you will need someone to act on your behalf. Without a Lasting Power of Attorney in place, the ONLY way your financial affairs can be managed is by a relative or someone close to you making an application to the court of Protection. This process costs a considerable amount of money and can take anything between 3 to 10 months, by which time your finances could be seriously damaged.
By creating an Attorney in advance, ensures that if the worst were to happen, you can have peace of mind that your affairs are in safe hands.
What is a Lasting Power of Attorney LPA
A Lasting Power of Attorney is a legal document which allows an individual (Donor) to appoint a person of their own choice (an Attorney), to look after their affairs should they at a later stage no longer wish to make these decisions or lack the capacity to manage their affairs themselves.
The Attorney can be anyone aged 18 and over who has mental capacity and who is not bankrupt when they sign the form. You should appoint someone you trust such as a relative or Professional.
The Types of LPA
A Health and Welfare LPA will cover decisions relating to where you live and medical treatment, and a Property and Financial Affairs LPA includes decisions concerning managing your bank accounts, investments and paying bills. Once registered with the Office of the Public Guardian your Attorney is able to act on your behalf in making decisions about your Property and Affairs, even when the Donor has capacity. Health and Welfare decisions can only be made when the Donor lacks the capacity to make them.
How Puldoran can help you
We know that sometimes making an LPA is not easy, but with access to specialists with extensive knowledge and experience, the different options that you might want to include can be taken into account in order to prepare an LPA that is right for you
For more Information please call us on
01344 636 338