The Property and Financial affairs
Lasting Power of Attorney
A property and financial affairs Lasting Power of Attorney (LPA) allows you to plan ahead by choosing one or more people to make decisions on your behalf regarding your property and financial affairs.
You can appoint a property and financial affairs Attorney to manage your finances and property whilst you still have capacity as well as when you lack capacity. For example, it may be easier for you to give someone the power to carry out tasks such as paying your bills or collecting your benefits or other income.
This might be easier for lots of reasons: you might find it difficult to get about or to talk on the telephone, or you might be out of the country for long periods of time.
You can decide to give your Attorney(s) the power to make decisions about any or all of your property and financial matters. This could include paying your bills, collecting your benefits or selling your house.
It is possible to registerwhilst the Donor still has capacity and leave it dormant until it is required. The advantage of early registration is it may sort out any potential complications with registration at an early non- critical stage. The registration charges will also reflect today’s prices.
This type ofdoes not allow the person(s) you have chosen (your Attorney) to make decisions about your personal welfare. If you want someone to be able to make health and welfare decisions on your behalf you will need to make a health and welfare LPA.
Amust be registered with the Office of the Public Guardian (OPG) before it can be used.
If required, Niche Advice Limited can arrange the registration on your behalf.