Lasting Powers of Attorney are a great tool which everyone should consider when succession planning. If you haven’t yet thought about putting these powers in place, we’d recommend having a think about them now.
What are Lasting Powers of Attorney?
Lasting Powers of Attorney (LPAs) allow you to choose someone to make decisions on your behalf. These powers will stay in place even if you lose your ability to make decisions yourself, allowing your attorneys to ensure that everything continues to run smoothly for you, whatever happens.
Different Types of Lasting Powers of Attorney
There are two types of Lasting Powers of Attorney:
- Property and finance
- Health and welfare
You might decide to put both of these in place, or just one. As part of the process you may want to think about the options for managing your attorney’s powers in the future, to make sure that the LPAs are ran in the way that you’re happy with. Some of the options might sound simple but can actually be practically difficult – but other options may be useful for you to think about and include. With our years of experience, we’ll be there to guide you through and help you to get the result that you want.
Enduring Powers of Attorney
If you have an Enduring Power of Attorney (EPA) in place, it would be a good idea to think about what’s included in the power. EPAs came before LPAs, but they only allowed the individual to appoint attorneys to look after their finances. Yours may still be valid, but you may want help thinking through whether they still work for you.
We have lots of experience in drafting and registering both types of power and in advising on the powers and duties of an attorney under each document. Whatever you need, we can help.
What we can help with
We can advise you on:
- preparing and registering Lasting Powers of Attorney
- registering Enduring Powers of Attorney
- advising on attorneys’ powers and duties
- cancelling both forms of powers