Need help planning for yours or a loved ones future?
Where a Will makes provision for your finances after you are gone, a Lasting Power of Attorney allows you to appoint someone to step into your shoes and make decisions on your behalf, if you are unable to in future. If you or your loved one have not yet thought about putting a Lasting Power of Attorney in place we would recommend having a think about it now. Whether its a Property and Finance LPA, or a Health and Welfare LPA they allow someone you trust to look after your affairs if you should become unable to do so yourself, due to illness, old age or an accident for example.
However you may already have a Lasting Power of Attorney in place, or are already acting as an Attorney for a loved one, in which case you may be looking for help adminsitering or making changes to the legal documents, or even ending the LPA.
Making changes to a Lasting Power of Attorney
There are many factors that can affect yours or your loved ones Lasting Power of Attorney, and more specifically the peroson appointed as the Attorney. Divorce, illness or a disagreement could mean that the appointed Attorney would no longer be able, or right, to act in your best interest. If this is the case, you can request to formally remove them from the document with a Deed of Partial Revocation.
A Deed of Partial Revocation will revoke a specific named person’s power to act on your behalf without affecting the rest of the document and the powers of the other named Attorneys. In order for a Deed of Partial Revocation to be valid, it must be lodged with the Office of the Public Guardian along with the original Lasting Power of Attorney document and all existing certified copies.
However, if you need to make significant changes to the Attorneys you have appointed in your Lasting Power of Attorney, the best course of action is to revoke the current document in full and then progress with making a new one.