Lasting Powers of Attorney
There are two types of Lasting Powers of Attorney LPA:
- a ‘Property and Financial Affairs’ LPA allows your loved ones to deal with paying your bills, buying and selling your property and managing your bank accounts and investments.
- a 'Health and Welfare' LPA covers decisions about health and care and even deciding where you are to live. This can only be used if someone is incapable of dealing with such matters themselves.
An LPA ensures that, should you be unable to manage your own affairs, the people you have appointed can manage your financial life on your behalf. This can save a great deal of money and distress, and will ensure that, as a vulnerable person, your affairs will be handled correctly and quickly.