If you want to plan for the possibility that one day you may not be able to manage your affairs due to age, illness or disability, you can complete what is called a Lasting Power of Attorney. This allows you to appoint someone of your choosing while you are still fit and healthy; someone you think is the best person to manage your affairs, if you no longer can.
Lasting Power of Attorney
This document replaced Enduring Powers of Attorney in 2007. Lasting Powers of Attorney have more safeguards built in and now have a wider use and application.
We recommend a Lasting Power of Attorney in case you become unable to deal with your affairs in the future due to injury, ill health or age. We believe it is sensible to plan ahead, whilst you are in good health and prepare this important document. It gives you the ability to nominate the person(s) you feel will be able to manage your affairs. It could be a member of your family, a close friend or a trusted adviser such as your solicitor. The most important thing is that you nominate them. It also enables them to agree to this responsibility rather than it coming as a surprise.
There are two types of Lasting Power of Attorney – one to deal with Property and Financial Affairs and the second to manage Health and Welfare issues. It may be appropriate for you to set up both types of Lasting Power of Attorney, or just one of them. This will depend upon your circumstances and we will discuss this all with you once your details are reviewed.
Is there a good time to complete a Lasting Power of Attorney?
There is no time limit so it makes sense when making a Will or other financial plan to also consider a Lasting Power of Attorney. Then you can relax, knowing that if something happens, perhaps a bad accident or unforeseen illness, your affairs and finances can still be organised to support you and your family.
There are two other types of Power of Attorney, which may still be relevant to you
General Power of Attorney
With this you can appoint someone to look after your financial and property affairs on a temporary basis. This could be used if you were going on holiday for instance. The Authority under a General Power of Attorney can be limited to specific matters or for general purposes. It can be cancelled by you at any time and is automatically revoked if you become mentally incapable of dealing with your financial affairs.
Enduring Power of Attorney
An Enduring Power of Attorney only gives your attorneys limited authority to make decisions in relation to your health and welfare, and does not give them any authority to make decisions relating to life sustaining treatment. Even if you have an Enduring Power of Attorney in place, you may wish to consider making a Lasting Power of Attorney for Health & Welfare as well.
You may already have an Enduring Power of Attorney. These have been replaced by Lasting Powers of Attorneys. However, if you already have an Enduring Power of Attorney which was completed prior to October 2007 it will still be valid. If necessary, we can help attorneys with the registration of an Enduring Power of Attorney with the Office of the Public Guardian upon the loss of the donor’s mental capacity and also give advice about acting as an Attorney under an Enduring Power or Attorney.
Completing your Lasting Power of Attorney (LPA)
We have completed a helpful fact sheet setting out the background to Lasting Power of Attorney and what you need to consider. Download our LPA factsheet.
We have also included a straightforward questionnaire to enable you to provide us with some of your details. We can then incorporate this information into our plans and thus save time for you when meeting to complete your LPA. Simply click on the "Start the Process" button to begin. It clearly explains the information we need at each stage.
If you would prefer to complete a paper questionnaire, we have loaded the form - please download our LPA Questionnaire. You can then return the form to us prior to, or at your first meeting with us. If you would like to speak to someone initially then simply contact us.
Whether you want to complete your details on the questionnaire or contact us directly, we will help you through the entire process in a practical and non-technical way to ensure you complete your LPA and achieve the peace of mind you desire.
Our specialist team is recognised as one of the largest and most approachable teams in Kent and we pride ourselves on our practical no-nonsense approach to what sometimes can be a very technical area of law. Our skills are also recognised by the prestigious Society of Trust & Estate Practitioners.