The problems of old age aren’t pleasant to contemplate, especially if you’re young and healthy. But sadly many people do run into problems later in life, leaving them unable to make crucial decisions for themselves.
That’s why a lasting power of attorney (LPA) is such a good idea.
An LPA is a legal document that gives one or more people – known as attorneys – the power to make decisions on your behalf. Despite what the name suggests, attorneys can be pretty much anyone you choose. Typically, they’re family members or trusted friends.
The only restriction is that an attorney cannot be bankrupt or subject to a Debt Relief Order, for obvious reasons! There are two kinds of LPA, and we recommend you have both:
• Property and financial affairs
• Health and welfare