Lasting Power of Attorney

Have you ever considered what would happen if you became mentally or physically incapacitated?  Unless you had made a Lasting Power of Attorney before the situation arose, then an application to a body called “The Court of Protection” might have to be made for the appointment of a Deputy, who would then deal with the day-to-day administration of your financial affairs and/or make decisions concerning your care, treatment and welfare on your behalf.

What are LPAs?

A Lasting Power of Attorney (“LPA”) is a document appointing someone to deal with your affairs on your behalf if you lose mental or physical capacity.  There are two kinds of LPA; a “Property and Financial Affairs LPA” and a “Health and Welfare LPA”. They replaced Enduring Powers of Attorney from 2007 although EPA's signed before that date can still be registered. 

A Health and Welfare LPA enables your Attorney to make decisions about your health, welfare and care on your behalf if you become incapacitated.  A Property and Financial Affairs LPA enables a person you trust to manage your finances, property and investments on your behalf if you become incapacitated, and also to pay any bills, debts and costs. 

LPAs enables you to choose the person or persons who will handle your financial affairs should you ever be unable to do so yourself, which will save your family and friends uncertainty, trouble and worry at a difficult time, not to mention considerable expense.

Please call our Private Client Department on 01233 625711 if you would like to talk about making a Lasting Power of Attorney or email them at rhr@hallettandco.co.uk. Alternatively, please fill out our Power of Attorney Questionnaire.