Lasting Power of Attorney – Make it your choice
13 July 2020
Most people are aware of the need to make and maintain their Will, especially given the current COVID 19 pandemic, however not many are aware of or consider the need to protect their finances, health and medical affairs during their lifetime. As with having a Will, arranging the above must be done whilst you are well and retain mental capacity.
A Lasting Power of Attorney is a legal document that you appoint, people (your Attorneys) you trust to make decisions on your behalf should you become unable to do so. There are two types of Lasting Power of Attorneys, the first dealing with Property and Financial Affairs and the second dealing with Health and Welfare.
A Property and Financial Affairs Lasting Power of Attorney allows the people you have nominated to make decisions such as administering your finances which includes paying bills, investing your money, selling your home and collecting your income. If you wish you can restrict your attorney’s powers or place conditions on what they can / cannot do.
A Health and Welfare Lasting Power of Attorney allows your attorneys to make decisions about your personal welfare and health care on your behalf but only if you lack the mental capacity to do so yourself.
Once it has been signed by all the parties, a Lasting Power of Attorney cannot be used until it has been registered with the Office of the Public Guardian. It is strongly advisable to do this immediately so that your Lasting Power of Attorney can be used as soon as a need arises. In the meantime you would carry on managing your own affairs as normal.
At Curtis Law Solicitors, we offer fixed fees for all our private client services along with video or telephone appointments at times to suit you.