What is lasting power of attorney?
A lasting power of attorney can also be known as (LPA) and it is something that allows you to appoint someone to make decisions on your behalf, you can choose more than one person if that is what you want.
There is two types of Lasting power of attorney, the first is to make decisions about your finance and properties, the second can make decisions about your welfare and health. Some will require just one sort, or some people will need both.
Who can be my lasting power of attorney?
You can choose anyone that you want over the age of 18, but they must not have been declared bankrupt and they must be of sound mind. It is usually a family member or a close friend, basically, someone that you know you can trust and rely on.
Can I still appoint a lasting power of attorney even though I am not old?
Things can change in the blink of an eye, we never know what’s around the corner so whilst we feel well and sound of mind one day, the next day it could all change. Lasting power of attorney is something that you can set up and hopefully, it will never be needed but at least it’s there if it is.
Who do I contact?
If you would like advice on setting up a lasting power of attorney, contact a wills and estates solicitor, they will be able to guide you through how to set it up, if the person you have selected is suitable, and how much it will cost.