A Lasting Power of Attorney (LPA) is a legal document which allows you to appoint someone whom you trust to make decisions and manage your finances and affairs on your behalf, should you become unable to do so yourself as a result of physical or mental incapacity or simply wish these matters to be dealt with by someone else.
Without an LPA, an application may need to be made to the Court of Protection to appoint a Deputy to act on your behalf. This process is much more time-consuming and expensive and could result in your assets being frozen until such time as a Deputy is appointed.
There are two types of LPA. One is where you entrust decisions affecting your personal welfare to a third party, and the other, for decisions concerning your property and financial matters.
We can assist with the drafting of an LPA and can also advise clients about the implications of creating such a document. We are also able to apply for the registration of Lasting and Enduring Powers of Attorney and are more than happy to act as a client’s financial Attorney, where this is desirable.