Lasting power of attorney.
What is a lasting power of attorney (LPA)?
An LPA is when you give someone you trust the legal right to make decisions on your behalf only when you lose mental capacity. Losing mental capacity is when you’re no longer able to make decisions for yourself. Common examples include someone who has developed dementia or suffered from a brain injury.
There are two types of LPA:
- LPA for financial affairs
- LPA for health and welfare
You can appoint an LPA can make decisions on your behalf regarding both health and welfare and financial affairs.
LPA for financial affairs.
An LPA for financial affairs covers decisions such as:
- Buying and selling property
- Making investments
- Paying bills
- Paying the mortgage
If you’re setting up an LPA for financial affairs, your attorney must keep an account of transactions and make sure their money is kept separate from yours. You can even include a condition that ensures these details are sent to your solicitor or a family member.
LPA for health and welfare decisions.
An LPA for health and welfare can cover things such as:
- Where you should live
- Your medical care
- What you should eat
- Whom you should have contact with
You can also give permission for an attorney to make critical decisions regarding life-saving treatment.