What is a Lasting Power of Attorney?

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A Lasting Power of Attorney is a straightforward and very cost effective legal document that enables you (the Donor) to ensure that your financial and medical affairs are managed by someone in whom you can trust (the Attorney), should you be unable to do so in the future.

 

There are two types of LPA. It is entirely up to you whether you create one or both documents. The first concerns financial decisions. This can include dealing with your pension and benefits, ensuring bills are paid, dealing with any residential care/ medical costs, managing your savings and buying or selling a property.   Should you agree, you do not need to lack capacity for your wishes in this LPA to be carried out on your behalf.

 

The second type of LPA concerns health and care decisions. This LPA deals with matters relating to your social and healthcare needs, allowing your Attorney to make decisions on your behalf in the event you lose mental capacity. Such decisions might include choosing where you should live, what you should eat/wear, and what medical care you should receive.

 

Once signed the LPA can be locked away (like a will) until such time as it is needed. If future circumstances require it to be activated, this can be done by registering it with the Court of Protection. To do this the court charges a fee which is currently £82 but can be less for those on small incomes or in receipt of benefits.

 

More details about these different types of LPA, and indeed any of the terms highlighted throughout this page, can be found by clicking on the highlighted links. Alternatively, please feel free to contact us for further information.

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The LPA Advice Company made the process of completing both of my LPA’s simple and straight forward. More importantly, they saved me several hundred pounds in comparison to the quotes I received from my Solicitor. A huge thumbs up from me!

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