The Importance of Lasting Powers of Attorney
1. A Lasting Power of Attorney (LPA) is a legal document that allows you to choose a trusted friend, relative or professional to act on your behalf as an attorney to make decisions about important matters if you lose capacity.
2. Two different types of LPA; one for Health and Welfare matters, and one for Property and Financial Affairs.
3. Greater flexibility for your attorneys to set up direct debits to pay bills, manage bank accounts, deal with investments or deal with the paperwork associated with the sale of a property.
4. Attorneys can only deal with the finances if they have clear instructions from you or if a doctor says you lack capacity.
5. Your next of kin do not have the right to make decisions about your Health and Welfare unless they are appointed as an attorney.
For further information, please call Laura Willis – Wills, Trusts and Probate Associate on 0161 926 1538