A Lasting Power of Attorney (LPA) is an important legal document
Lasting Power of Attorneys (LPAs) say who you would like to look after your affairs if you become unable to do this yourself. You may become very poorly or you might need help if you suffer from a dementia related illness at some point in the future.
There are two types of LPA:
- Health and Welfare; and
- Property and Financial Affairs.
You can make one or the other, or both of these at the same time. To proceed you need to choose the person or people you would like to act on your behalf and discuss with them.
When you are ready you should go to the government’s website and follow the instructions.
There are professional providers that charge to make a Power of Attorney. We have found that if you can make a will online you can probably complete the process (including registration) for the Power of Attorney. Doing it this way can save you hundreds of pounds. You will still need to pay the government registration fee though!
If you have a will you still need a Power of Attorney and vice versa. A good way to think about it is: the Power of Attorney runs during your lifetime and expires upon death. A will has no power during your lifetime but is triggered by death.
Please note that your Attorney under a LPA cannot write or update your will. Only you can do that. If you are worried about illness or mental capacity issues please make sure you complete your will without delay either by making a will online or (if you are worried about mental capacity issues or a legal challenge) with a traditional solicitor.