POWER OF ATTORNEY
A Lasting Power of Attorney (LPA) is a legal document that enables a third party to make decisions on your behalf if you lose mental capacity. You can only appoint a power of attorney whilst you still have reasonable mental capacity. The attorney is the person that you choose to look after your affairs. You should consider the following points when appointing an LPA.
Health and Welfare Lasting Power of Attorney
Use this LPA to give an attorney the power to make decisions about things like:
- Your daily routine, e.g. washing, dressing and eating;
- Medical care;
- Moving into a care home;
- Life-sustaining treatment.
This type of LPA can only be used when you’re deemed unable to make your own decisions.
Property and Financial Lasting Power of Attorney
Use this LPA to give an attorney the power to make decisions about your money and property. For example:
- Managing a bank of building society account;
- Paying bills;
- Collecting benefits or a pension;
- Selling your home.
This type of LPA can be used as soon as it’s registered, with your permission.
Inheritance Tax planning, Will writing, Lasting Powers of Attorney and Trust creations are not regulated by the FCA. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
Company Number 08890413 | Registered Office Address: Imperial House, 8 Kean Street, London WC2B 4AS.