Lasting Power Of Attorney
What is a Lasting Power of Attorney (LPA)?
Lasting Power of Attorneys (LPA’s) replaced the EPA’s (Enduring Power of Attorney’s) in the Mental Capacity Act (MCA) 2005 which came into effect on 1 October 2007. As the UK population’s life expectancy increases, more of us are becoming worried about later life and what will happen if we are no longer able to manage our affairs or make decisions about our ongoing care.
A Lasting Power of Attorney (LPA) is a legal document which lets you (the ‘donor’) appoint one or more people (the ‘attorneys’) to help you control decisions that affect you, even when you can’t make them yourself, because you lack the ‘mental capacity’ to make them yourself.
They can be set up relatively cheaply, with or without the help of a solicitor. You may consider having one alongside your Will.