A Lasting Power of Attorney (LPA) is a document which essentially lets someone stand in the shoes of someone else in a set of pre-agreed circumstances.
Most commonly they are used by children who look after elderly parents who may be starting to suffer health problems, but we are also often instructed to draft them on behalf of friends who are caring for someone.
Lasting powers of attorney are an essential element in estate planning for the future within families. We advise that husbands and wives and partners get them for each other, as they can be used should the unthinkable happen and someone be in a position due to an accident or health problem that means that they are unable to look after their own affairs.
There are two types of Lasting Powers of Attorney. One deals with the financial and business affairs of a person and the other deals with the health and well-being of a person. They are two separate but nearly identical documents and both are usually drafted together. The forms for application for these were updated by the Office of the Public Guardian in July 2015 and now are simpler and have less onerous formalities required to draft and sign.
Please call our lasting powers of attorney solicitors if you would like to discuss this further.