An LPA is a legal document by which a person authorises someone they trust to manage their affairs. It is an important document to consider as it enables a person to retain control over their affairs for as long as possible (either financial or health) and confirms how the power can be used by the Attorney if needed.
A Property and Finances LPA can be used to pay someone's bills whilst they are in respite/rehabilitation/hospital, to sell someone's house in the event that they are unable to deal with the paperwork, and deal with their other financial assets in their best interests.
A Health and Welfare LPA can only be used in the event that the person has lost capacity to make a specific decision in relation to their health and welfare, but can give the Attorney wide reaching powers in respect of healthcare.
These documents should be a consideration at any age, as assistance may be required following an illness or accident, which has impacted on a person's ability to manage their affairs.
Contact us for further advice on the nature and effect of an LPA.
|Paul Morrison - Head of Personal Injury|