What is an Lasting Power of Attorney (LPA)?
An LPA is a legal document that enables you to appoint one or more persons to manage your personal affairs, financial affairs, property and your personal welfare. An LPA can be immediately effective once it has been registered with the Office of the Public Guardian should you simply wish to hand over the management of your affairs to another person. On the other hand the LPA can be retained and only registered with the Office of the Public Guardian if you have lost the mental capacity to deal with your own affairs.
In all cases, the LPA must be registered with the Office of the Public Guardian before it becomes valid to use. We can do all this in proper format, properly executed for you.
The advantages of having an LPA are:
- You chose your attorney(s). If you lose the capacity to manage your own affairs and have not made an LPA then someone not chosen by you may make an application to be appointed.
- It is much cheaper and quicker to register an LPA than to make an application for an attorney to be appointed after you have lost capacity.
- You can make your LPA effective immediately if you wish to do so
Ring us now on 01376 567274 to discuss your requirements with us.