Lasting Powers of Attorney
A lasting power of attorney (LPA) is someone you can appoint to make decisions on your behalf in the event that you can no longer do so for yourself.
A qualified solicitor will be able to work with precision to ensure that your financial and health/welfare affairs are kept in order for the future via an LPA.
The Two Types of Lasting Power of Attorney
- Health and Welfare
- Property and Financial Affairs
Following a discussion with a solicitor, the donor can choose to make one of the types or both. The main difference between the two are that one can be used immediately whilst the other can only be used in the event that the donor is unable to make their own decisions.
Health and Welfare
The health and welfare LPA can only be used when the donor does not have the capacity to make a decision. The LPA will have the power to guide your daily routine, decide on your medical care, life-sustaining treatment and more.
Property and Financial Affairs
With the donor’s permission the property and financial affairs LPA can be used whilst the donor is still in the right capacity or they can state that they only want it registered when they lose capacity.
The flexibility of this type of LPA means it can be used as soon as it’s registered. The LPA will be able to make decisions about managing a bank or building society, selling your home, paying bills and more.
How to make lasting power of attorney
It’s as easy as filling in a form however it is worth noting that the LPA form must also be signed by someone who can confirm the donor is in the right state of mind. Once you have completed the necessary forms you must register your LPA with the Office of Public Guardian.
All in all, the process can take up to 10 weeks but if you are uncertain about any of it enlist the help of a professional lasting power of attorney solicitor who will be able to guide you through it all so that you have peace of mind for the future.