You can appoint one or more people to officially make decisions on your behalf, they are known as a Lasting Power of Attorney LPA. It allows you to appoint a trusted person or trusted people to take full control over your decisions including your health, welfare and finances when you are unable to or chose not to.
LPA’s can provide peace of mind for both you and your family to ensure that you are properly taken for in the future, there are two kinds of LPA’s available which we have detailed below.
You can also find out more about Lasting Power of Attorneys here.
LPA: Property and Financial Affairs
This kind of LPA allows you to appoint one or more people to make decisions regarding you financial affairs and property on your behalf. You can still manage them yourself whilst this is in place and allow them to take over for you when you are ready or are no longer able to.
For instance, you may wish to appoint someone to pay your bills or do your banking to make your life easier if you have difficulty going into the bank, using a phone or computer etc.
You can determine what power to give the attorneys, wither full power or only selected financial and property affairs, including:
Doing Your Banking
Collecting Your Benefits
Paying Your Bills
Managing Equity Release Plan
LPA: Health and Welfare
This kind of LPA allows you to appoint one or more trusted people to make decisions regarding your health and welfare on your behalf. You can maintain control of these decisions for as long as you choose to or until you are no longer able, as well as allocating what decisions they have power over, including:
Decisions regarding types of healthcare.
Decisions regarding medical treatment.
Decisions regarding home care or residential care.
Other Funding Options:
You can read more information about the various types of funding here:
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