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There may come a time when you are no longer able to manage your own affairs. By preparing a Lasting Power of Attorney now, you keep control over who deals with your matters in the future. 

The person you care for may also want to set up a Lasting Power of Attorney so that it is easier for your to make decisions for them if they can't do this for themselves in the future.

What is a Lasting Power of Attorney (LPA)?

A Lasting Power of Attorney (LPA) is a legal document where you can give another person the authority to make certain decisions on your behalf.

The person making the LPA is called the donor and the person being given the authority is the attorney

LPAs were introduced on 1 October 2007 by the Mental Capacity Act 2005. They replace the old Enduring Powers of Attorney (EPA), although these can still be registered and used. However, EPAs only allow your attorneys to make decisions about your property and finances. If you want decisions about your health and welfare to be made for you then you will need to prepare a Health and Welfare LPA. 

Thanks to Laura Ikin at NewLaw Solicitors for writing this page for us.

​Next update due: June 2017