A Lasting Power of Attorney allows one to authorize someone else to make decisions and act on one’s behalf about property, money or personal welfare. It is created when one is of sound mind and can decide for oneself, but becomes effective when one is unable to make one’s own decisions
Who can make a Lasting Power of Attorney?
Anyone over the age of 18 and still having the ability to make own decisions can make a Lasting Power of Attorney.
Benefits of a Lasting Power of Attorney
Having a Lasting Power of Attorney allows you to be proactive in planning how your health, wellbeing and finances will be looked after if and when you become unable to do so. Your ability to manage your own affairs may be affected by illness, accidents or unexpected circumstances and a lasting power of attorney provides for such an eventuality. Through it you are able to decide:
- What decisions should be made for you, should you lose the ability to make them
- Who do you want to make these decisions on your behalf
- How you want these decisions to be made
- Who is to be informed about your Lasting Power of Attorney when it is registered, enabling them to raise concerns if needs be.
Registration with the Office of the Public Guardian is mandatory before it can be used. For registration you also need to obtain a certificate from a suitable person confirming that you understand the significance and purpose of what you’re agreeing to
LPAs can be regarding property and affairs or personal welfare.
Property and Affairs LPA
An Attorney appointed under a Property and Financial Affairs LPA can make decisions on matters such as:
- Tax Issues
- Buying or selling property
- Dealing with bank and/or building society accounts
- Mortgage payments
- Benefit claims on your behalf
- Investing money
- Paying bills
- Granting access to your financial information
- Property repairs
Personal Welfare LPA
Attorneys under this LPA can make decisions on matters such as:
- Donor’s Diet and dress
- The Donor’s residence
- Medical treatment for the Donor
- Who should have contact with the donor
- What Social activities the Donor can participate in.