7th January 2022Category: General
None of us can predict the future, but we can make sure we are in the best position to deal with whatever life throws our way.
One of the ways we can do this is by making a Lasting Power of Attorney.
What is a Lasting Power of Attorney?
An LPA is a legal document that allows you to choose in advance the people you would trust for help if there comes a time when you cannot make decisions for yourself, or maybe just cannot carry them out.
There are two types of LPA: one for Property and Financial Decisions and one for Health and Welfare Decisions. Both need to be registered with the Office of the Public Guardian to be legal (this costs £82 per document).
For more information, visit westcumbriacarers.co.uk/services-support/lpa/what-is-a-lasting-power-of-attorney
1. LPAs for England and Wales are different from those in Scotland – everything in this article relates to England and Wales only
2. A Property & Financial LPA can be used immediately after registration, to the extent that the Donor wishes
3. A Health & Welfare LPA can only be used when the Donor has lost mental capacity
4. Both types of LPA require the Attorneys to act in the Donor’s BEST INTERESTS
5. An LPA can be made by anyone over 18 years of age with mental capacity
6. A Health & Welfare LPA may be influenced by an Advance Decision if one has already been made
7. A separate LPA may be required if the Donor has a business
8. The LPA Preparation Process takes about 3 months
9. You can prepare an LPA yourself
10. There is a 48-page guidance document on the OPG website to help you prepare your LPA
Glossary of Terms