A Lasting Power of Attorney (LPA) is a legal document which allows a person to appoint someone they trust to make decisions on their behalf, should they lack mental capacity to do so themselves from an accident, illness or old age.
There are two types of LPA; one for Property and Financial affairs, and the other for Health and Welfare.
Making an LPA with Anderson’s is very straightforward and is one of the most important things that someone can do to protect themselves and their family.
An LPA in respect of Property and Financial affairs allows the attorneys to manage the finances of the donor. For example:
A Health and Welfare LPA may be used when the donor has lost mental capacity, to be able to make decisions regarding:
A donor may also give special permission for their attorneys to make decisions regarding any life-saving treatment.
Should someone lose the capacity to make decisions regarding their property, finances, health or well-being, they will likely need an application to the court to enable a loved one to make these decisions.
This is an expensive and timely process and could easily be prevented for loved ones by arranging their LPA’s.