Powers of Attorney
A General Power of Attorney allows someone else the authority to manage your affairs for a set period of time and can be useful if for example you are abroad or unwell. There are a number of different types and it is important to use the appropriate one for your circumstances. A Specific Power of Attorney limits the authorised person to a single action, such as selling a property.
A General Power of Attorney becomes invalid if you become mentally incapable, it is not suitable for managing the affairs of ailing relatives, unless they are of sound mind, and a lasting power of attorney should be used instead.
The ‘Enduring Power of Attorney’ has now been replaced by the ‘Lasting Power of Attorney’ (LPA). The LPA ‘lasts’ even after you become unable to manage your affairs – whether temporarily or permanently, or because of illness, disability or accident. There are two types – one which deals with your financial and property affairs and one which deals with your personal welfare and medical treatment. We will discuss the affairs you wish to be covered by the LPA so that you have a full understanding of the implications of making it. Your attorney cannot start making decisions on your behalf until the LPA is registered by the Office of the Public Guardian.
Our specialists can offer clear advice and help in the preparation of these important documents.