How a Lasting Power of Attorney Gives You Peace of Mind

Hundreds of thousands of people register for Lasting Powers of Attorney (LPA) each year, and it’s easy to see why.

Importance of LPAs

Life expectancy has increased dramatically, with most people living into their eighties and beyond. This raises issues about protecting interests and those of loved ones as we age and potentially lose decision-making abilities. The Covid pandemic also highlighted life’s fragility and the possible long-term effects of illness or injury.

What is an LPA?

An LPA is a legal document you can draw up when you are fit and healthy, authorizing someone you choose to make decisions on your behalf if you are no longer able to do so. The person drawing up the LPA is the donor, and the person authorized to make decisions is the attorney.

Types of LPAs

There are two types of LPAs:

Property and Finance LPA: Allows an attorney to manage your financial affairs.

Personal Welfare LPA: Grants authority over health care and treatment decisions.

Both types must be registered with the Office of the Public Guardian (OPG).

Benefits of LPAs

LPAs are often used by older people to appoint someone they trust to make decisions if they lose capacity, but they can be used by anyone at any age. They are easy to set up with the help of an expert solicitor and provide peace of mind knowing your interests will be looked after by someone you trust.

For more information or advice on family law matters, readers are encouraged to contact the legal team at southgate solicitors at 02080040065 or [email protected]. It’s important to note that the content of this article is general information and not legal advice, and readers should seek independent expert advice for their specific situations. Our experienced team at southgate solicitors is here to provide expert guidance and support.