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What is a Lasting Power of Attorney?

An LPA is a legal document that sets out your wishes and allows you to choose:

  • Who will make decisions/act for you (known as your attorneys)
  • How your attorneys will make decisions (if they make them independently, jointly or jointly in some situations and on their own in others)
  • What decisions are made (you can specify preferences and instructions)
  • There are two different types of LPAs, one deals with property and financial decisions and the other deals with health and care decisions.
Call us today to discuss making a Lasting Power of Attorney on 0113 218 5497

If you do not have an LPA and then lost capacity then your loved ones will have to apply to the court for a deputyship order. A deputyship order is more time consuming which could cause delays in your loved ones being able to make decisions on your behalf. Applying for a deputyship order is also more expensive and there are yearly fees.

LPAs are necessary if you want to be in control of who will make decisions/act for you and how the decisions are made if you were unable to do so yourself. There is the possibility that you set up LPAs and then would never need to use them, but at least you would have peace of mind that if you did need them in the future they would be in place.

In order to register an LPA the completed LPA document needs to be sent to the Office of Public Guardian. When the LPA is registered, they then return the registered LPA in the post.

Once the documents have been fully completed and sent to the Office of Public Guardian, it usually takes approximately 8 Weeks until it is registered.

It is important to remember that an LPA can only be set up when you have full mental capacity. As mental capacity can be affected by unforeseen circumstances, if you postpone making an LPA you risk leaving it until it is too late.

This type of LPA gives your attorney(s) the ability to:

  • Manage your bank and savings accounts
  • Make or sell investments
  • Pay your bills
  •  Buy or sell a property on your behalf
To discuss making a LPA, call us on 0113 218 5497

This LPA can be used either only if you lose capacity or as soon as it has been registered (but only with your consent). Therefore, this LPA can be useful even if you have a physical reason of being unable to deal with your finances such as you are in hospital or on holiday.

Are you worried about losing mental capacity?

Do you need someone you know and trust to manage your financial affairs on your behalf if you do lose capacity?

If you answered yes to any of the above questions then you should consider securing a Lasting Powers of Attorney (LPAs).

If you wish to discuss matters further please arrange an appointment with one of our experienced advisors who will be happy to answer all enquiries.  Contact our team at wills@winstonsolicitors.co.uk or call us on 0113 218 5497.

Contact Emily today

No. Your family will have no access to your bank accounts and cannot sell your property unless they make an application to the Court of Protection for a deputyship order which is a costly and lengthy process.

A Lasting Power of Attorney (LPA) is a legal document which allows a person to appoint someone they trust (the ‘Attorney’) to make decisions for them when they no longer have the mental capacity to make them themselves. An LPA has to be made while the person concerned (the ‘Donor’) still has the mental capacity to give their consent to handing over their affairs.