Lasting Powers of Attorney (LPA)
A Lasting Power of Attorney is a legal document that you (the Donor) make. It allows you to choose someone now, (the Attorney) that you trust to make decisions on your behalf about things such as your property and financial affairs or health welfare at a time in the future when you no longer wish to make those decisions or you may lack the mental capacity to make those decisions yourself.
There are two types of LPA:
- A Health and Welfare LPA
- A Property and Financial Affairs LPA
These decisions can only be taken by somebody else when you lack the capacity to make them for yourself, for example if you are unconscious or because of the onset of a condition such as dementia.
Without an lpa in place
Your next of kin has to apply to a court process to deal with your finances or health decisions, and this process can take over a year and costs thousands.