PROPERTY AND FINANCIAL AFFAIRS LASTING POWER OF ATTORNEY (LPA)

What is a Property and Financial Affairs Lasting Power of Attorney (LPA)?

A property and financial affairs Lasting Power of Attorney (LPA) authorises your attorneys to manage any property that you own and to manage your financial affairs, in the event that you are unable to make such decisions yourself.

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Some examples of what a Property and Financial Affairs LPA covers

This LPA can be used to appoint attorneys to make decisions such as:

  • buying and selling property
  • operating a bank account
  • dealing with tax affairs and investments
  • Paying bills, such as mortgages, utilities and credit cards
  • claiming benefits

You can decide whether the LPA can be used:

  • as soon as it’s registered, with your explicite consent or if you ever lose mental capacity

The LPA can also restrict the decisions an attorney can make.

 

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