![]() |
![]() |
||||||||||||
![]() |
![]() |
![]() |
![]() |
![]() |
|||||||||
| Guide to Lasting Power of Attorney
Guide Contents
Lasting Power of Attorney England and Wales Lasting Power of Attorney England and WalesThe term Lasting Power of Attorney (LPA) refers to the legal document which allows an individual (referred to as a Donor) to nominate a person or people (referred to as Attorneys) to make decisions on his or her behalf should they reach a state where they no longer have the mental capacity to make certain decisions. Lasting Power of Attorney can be divided into two groups, one that relates to the financial well being of the Donor and one which refers to the health care and general welfare of the Donor.
Just as a Will details the wishes of the individual to ensure that their family is provided for, a Lasting Power of Attorney can provide security for their family at a time when the individual is incapacitated for whatever reason. Lasting Power of Attorney was previously known as the Enduring Power of Attorney. If for example the main wage earner of the family was in a tragic accident which resulted in a coma, the spouse would have to apply to the Court of Protection before they can access any money from the injured persons bank account. This all takes time, effort and money at what may already be a traumatic time. Any Enduring Power of Attorney documents, even those which haven't been registered with the Office of the Public Guardian, are deemed valid on the condition that they were signed by all involved parties before 1st October 2007. Amendments were made in accordance to the Mental Health Act 2007.
|
|||||||||||||
| financial guides
mortgage advice |
insurance guides
home insurance cover
financial news / articles |
personal goal calculators
financial health check budgeting calculators budget calculator mortgage calculator |
savings calculators
child trust fund calculator debt calculators loan repayment calculator life insurance calculator |
||||||||||