Lasting Power of Attorney (LPA) is a legal document which enables you to be able to pass over responsibility of your decisions to someone else when you are not able to make these decisions properly yourself or when you feel ready to allow someone else to take over some of your day to day decision making.
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What Kinds Of Lasting Power of Attorney Exist?
There are two different types of power of attorney used in different circumstances and if you decide that you would like to put a power of attorney in place, you will need to understand the differences.
The two types of LPA are Health and Welfare and Property and Financial affairs and you can decide if you want to have one or both types of LPA in place.
Health and Welfare
The Health and Welfare LPA comes into force when you are not able to make decisions for yourself, or in legal terms, you lack capacity. Whoever you have appointed as your LPA will then become responsible for making decisions about your medical care, any day to day decisions and also whether you will receive life supporting treatment if you need it.
Property and Financial
The Property and Financial LPA can be put into place whenever you decide. Your LPA will then be responsible for making day to decisions and handling your financial affairs, such as paying bills or claiming your benefits. You may want this to happen for a number of reasons, such as being out of the country.
When you decide you are ready to appoint your LPA you should think carefully about who you would like to give the responsibility to. You can choose a family member, a friend or even appoint a solicitor, or other professional. You may wish to appoint more than one LPA but whoever you do decide to choose, you need to make sure that they will act for you in your best interests and if you appoint two LPAs, that they are able to work together.
Above all, you should trust your LPA to make the important decisions on your behalf and to be certain that they will ensure that any decisions work for you.
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