Lasting Powers of Attorney
Have you thought about making a Lasting Power of Attorney?
Loss of mental capacity can affect people both gradually and suddenly. Having a Lasting Power of Attorney in place can save your relatives a lot of anxiety and stress.
Types of Lasting Power of Attorney
There are two types of LPA:
Property and Financial affairs which allows your attorneys to manage you property and financial affairs
Health and Welfare which gives your attorneys the power to make decisions about healthcare and personal welfare matters, only if you lack capacity to decide these issues for yourself.
You can choose who you would like to appoint as your attorneys and you can choose one person or more than one. We would discuss with you the suitability of your choice. Most people choose relatives or close friends but it is possible to appoint a professional attorney.
A Lasting Power of Attorney is made by completing a prescribed form and must be registered with the Office of the Public Guardian before it can be used.
Enduring Powers of Attorney
Some people made an Enduring Power of Attorney to deal with financial matters before October 2007. If you have an Enduring Power of Attorney it is still valid and can be used. If the attorney(s) believe that you are starting to lack capacity to manage your financial affairs then they should register the Enduring Power of Attorney at the Office of the Public Guardian. We can advise on and assist with that application.
General Powers of Attorney
A General Power of Attorney is a simple document appointing a person to deal with financial matters on your behalf at your request. You must have capacity to delegate authority to your attorney under a General Power of Attorney.