Do you have assets in England & Wales?
Are you planning to live in England & Wales?
A Lasting Power of Attorney (LPA) gives a person or persons of your choice the legal power to deal with your assets and to make decisions about your personal circumstances on your behalf during your lifetime.
The document is signed by you now so that your appointed Attorney can act on your behalf as soon as possible should you no longer have the ability to deal with your own affairs.
There are two types of Lasting Power of Attorney:-
- health and welfare
- property and financial affairs
Each type covers different decisions so that an Attorney can assist you with practical matters such as the maintaining of a bank account, paying bills, home care and matters of welfare. You can choose to make one type or both. You can have the same attorneys for both, or you can have different attorneys.
Lasting Powers of Attorney replaced Enduring Powers of Attorney (EPA) from 1st October 2007. However any valid EPA in existence at that date will continue to be valid. Attorneys acting under a valid EPA have a duty to register the document with the Office of the Public Guardian in certain circumstances.
Court of Protection
What happens if your next of kin sadly loses the mental ability to handle their own affairs and they have not put an Enduring Power of Attorney or a Lasting Power of Attorney in place?
We can give you professional advice for these circumstances and assist you in applying to the Court of Protection, for the authority to manage financial affairs.