A Lasting Power of Attorney (LPA) is a legal tool that gives another adult the legal authority to make certain decisions for you, if you become unable to make them yourself. The person who is given this authority is known as an ‘attorney’. They can manage your finances, or make decisions relating to your health and welfare.
A Property and Financial Affairs LPA covers decisions about your finances and property. If there comes a time when you can’t manage your finances anymore, the person you appoint as your attorney will be able do this for you. This can include paying your bills, collecting your income and benefits, or selling your house.
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 your day-to-day care, including your diet and what you wear.
It can be reassuring to know that, if you are unable to make a decision for yourself in the future, the person you choose will make these decisions for you. It 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.
Anyone who is over the age of 18 and has the mental capacity to do so can make an LPA.
You can choose anyone you want to be your attorney, as long as they are over 18. For a property and affairs LPA, however, the person you choose cannot be bankrupt.
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