“As the ‘donor’, you can decide to make either or both LPAs, knowing that key decisions will be made on your behalf if you have lost mental capacity.”So, what are the key differences between the LPAs?
Health and Welfare Lasting Power of AttorneyYou choose one person, or more, to make welfare and medical treatment decisions on your behalf about things like:
- Routine day-to-day tasks (e.g. what to wear and eat)
- Medical care and life-sustaining treatment
- Moving into a care home
Property and Financial Affairs Lasting Power of AttorneyThis replaced Enduring Power of Attorneys (EPAs) from October 2007. An existing EPA is still valid, but you cannot make a new one; instead you must now make a Property and Financial Affairs LPA. You choose one person, or more, to make decisions about your property or money, such as:
- Paying bills
- Collecting your benefits
- Selling or letting your home
- Looking after your investments
“You don’t have to be in your later life to make a LPA. We never know what is around the corner so it is sensible for anyone with commitments: husbands and wives, children, dependent relatives, or a business, to consider making at least one type of Power of Attorney.
“We are also recommending that children have this conversation with elderly parents to ensure that they will be able to look after them in the event of diminished capacity. We know that this isn’t an easy conversation to have with elderly parents but it’s a sensible one as the alternative expensive and lengthy process of applying to the Court of Protection to appoint a Deputy really doesn’t bear thinking about.
“At Tallents, we are here to guide you through the process, ensuring both your understanding at every point and that the LPA is completed with your best interests at heart. Our experienced staff at Tallents can help you protect your family every step of the way.”