LPA for Property & Affairs
Arranging decisions about your finances and property
Covering all of your legal needs with branches in Norwich, Sheringham and North Walsham
Having a Lasting Power of Attorney (LPA) in place can be just as important as having a Will. It gives you the reassurance that your wishes will be respected if, at any time in the future, you become unable to make decisions for yourself. Our Wills and LPA solicitors are on hand to help with both of these.
If you lose the ability to manage your own affairs, a partner or family member cannot automatically deal with things on your behalf. If you are affected by dementia, you will need to consider the legal and financial implications for you and your family.
Arranging decisions about your finances and property
Arranging decisions about your care and medical treatment
Giving someone else the power to manage your financial affairs
You will need a certificate provider for both types of LPA
This type of LPA allows your attorney or attorneys to make decisions about your finances and property, such as paying bills or selling property.
You can choose to make one or both types of LPAs, and you can appoint the same person to be your attorney for both. You can also appoint as many attorneys as you like, and decide how they’ll make decisions.
Our expert team will talk you through all the options available for your LPA so you can feel confident you and your loved ones will be protected in the future.
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You should choose a person or people with whom you have a settled and easy relationship. The person or people chosen must be absolutely trustworthy and possess appropriate skills to make decisions on your behalf. They must be over 18 and not be an undischarged or interim bankrupt person, if you are making a Property and Affairs Power.
You can appoint one Attorney but it is advisable to appoint more than one or a replacement, to lessen the chance of abuse and ensure continuity in case your chosen Attorney cannot act. If you choose more than one, it is essential that those people get on with each other.
If you have more than one Attorney, you will need to decide whether you want them to act:
Jointly – always together – If they are appointed together, they must always sign together and agree which can be difficult in practice. Additionally if one dies, loses mental capacity or becomes bankrupt (if the Power is a Financial Power), the document can no longer be used.
Together and independently – they can act either together or entirely independently of each other. This works well when the Attorneys do not live near to each other or, if one were to retire or die, then the other Attorney could still act.
A combination – you decide which decisions they have to make together and which independently.
You should consider appointing a replacement Attorney to provide for a situation that your chosen Attorney is not able or is unwilling to act. If you appoint your spouse or civil partner, be aware that dissolution of the marriage or civil partnership terminates the appointment of your spouse/civil partner, unless you have indicated otherwise.
To find out more or discuss your individual requirements in further detail, our dedicated Lasting Power of Attorney solicitors are on hand to advise. Call us today on 01603 693510 or get in touch via our enquiry form and we will guide you through the process.
To find out more or discuss your individual requirements in further detail, our team are on hand to help.
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