What are they?
A Lasting Power of Attorney is a legal document where you can grant another person the authority to make decisions about your finances and welfare, when you are unable to make them for yourself. The best time to make Lasting Powers of Attorney is when you are in good health and do not need them, for a time when you may need them.
There are two different types of Lasting Power of Attorney.
A Lasting Power for financial decisions can be used to allow someone to make decisions for you even while you still have mental capacity. These decisions may include such things as buying and selling property, investing money and paying bills, and dealing generally with your finances.
A Lasting Power of Attorney for health and welfare is different in that it only comes into effect if you have lost the capacity to make decisions for yourself. It will allow someone you trust to make decisions such as where you live, your medical care, what you eat and what kind of activities you should take part in.
A Lasting Power of Attorney is only valid if you have not been put under pressure to create it, and if you have the mental capacity to understand the implications of the document. Having a Lasting Power of Attorney means that the time consuming and costly nature of the Court of Protection application can be avoided.
Other types of Powers of Attorney..
There are also other types of Powers Of Attorney, which can be general or limited to specific affairs. For example, if you wish to appoint an attorney to act in your stead when purchasing property, this power could be limited specifically to only include the purchase.
Here at JAYCON LEGAL SOLICITORS we can prepare the appropriate documentation and answer any questions that you may have; either as the person needing the Power of Attorney or the attorney requiring advice. You can rest assured that you will receive the benefit of our specialist advice and experience.
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