A lasting power of attorney, or LPA, is a legal document put in place in the event that you lose capacity. It’s an important document to have, as it ensures your trusted friend, family member or solicitor can act on your behalf should you be unable to. They’ll have the ability to manage your finances, deal with your affairs and ensure your wishes are followed with regard to your health and care. But how do you choose your attorney? Here’s our guide:
What Is an LPA and Why Do I Need One?
A lasting power of attorney gives your chosen attorney, or attorneys, the legal ability to manage your financial and healthcare affairs should you lose capacity due to illness, accident, stroke or ageing. Without an LPA in place, your family or friends will have no authority to make decisions for you or pay your bills, manage your finances or speak to financial or government departments on your behalf. Without an LPA, they would need to go through lengthy and potentially costly court proceedings in order to support you and act for you.
Who Can Be an Attorney?
Anyone above the age of 18 can be an attorney. They can be your relative, friend, spouse or your solicitor, for example.
Is It Difficult to Set Up?
Gone are the days when only a high-street solicitor could help, as you can now set up an LPA online. An LPA online is typically a cost-effective and quick method to create your LPA.
How Do I Choose an Attorney?
Most people will choose close friends, family members or their spouse to act as an attorney, as they tend to feel most confident that these individuals understand their wishes and know them well. You can choose more than one attorney if you’d like to – for example, you might choose an adult child to manage your health and well-being, and your cousin or brother to take care of your financial matters. It can be a tricky decision, but choose somebody you know will act responsibly and who understands your wishes clearly.
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