Imagine waking up one day and realising that, due to illness or an accident, you are unable to make important decisions about your finances, property, or health. It’s a scenario none of us want to face, yet it happens more often than many people realise.
Imagine waking up one day and realising that, due to illness or an accident, you are unable to make important decisions about your finances, property, or health. It’s a scenario none of us want to face, yet it happens more often than many people realise. This is where a Lasting Power of Attorney (LPA) becomes invaluable. At Libra, we are here to guide you through the entire process, ensuring you understand what an LPA is, why it matters, and how to make one correctly.
A Lasting Power of Attorney is a legal document that allows you, as the “donor,” to appoint someone you trust, known as an “attorney” to make decisions on your behalf if you become unable to do so. This is not just about convenience; it is about protecting your rights, wishes, and future well-being.
In the UK, there are two main types of LPA:
Both LPAs are registered with the Office of the Public Guardian (OPG) and must meet strict legal requirements to be valid.
Many people mistakenly believe that their family or friends can automatically make decisions on their behalf if they lose mental capacity. In reality, without a properly registered LPA, the only way someone can gain legal authority to act on your behalf is through a Deputyship Order from the Court of Protection — a process that is often time-consuming, costly, and stressful.
By setting up an LPA, you ensure:
Expert Tip: Review your LPA periodically to ensure it continues to reflect your wishes and circumstances.
Q: Can I make both types of LPA at the same time?
A: Yes, many people create both to cover financial and health matters. They can be registered together or separately.
Q: Can my attorney refuse to act?
A: Yes, an attorney can decline the role, so always confirm their willingness beforehand.
Q: Can I cancel my LPA?
A: You can revoke it at any time while you have mental capacity. Ensure revocation is communicated in writing and registered with the OPG.
Q: Who pays the OPG registration fee?
A: The donor usually pays, but fee exemptions or reductions may apply depending on financial circumstances.
Scenario 1: Margaret, 72, appoints her daughter and a family friend as joint attorneys for her financial affairs. When Margaret falls ill and cannot manage her bills, her attorneys can legally act on her behalf without court involvement, avoiding delays and stress.
Scenario 2: John, 65, wants to ensure medical decisions reflect his values if he becomes incapacitated. He sets up a Health & Welfare LPA with detailed instructions for care preferences, giving peace of mind to both him and his family.
These examples demonstrate how LPAs can protect your interests and those of your loved ones in real-life situations.
Creating an LPA may feel daunting at first, but with careful planning and the right guidance, it provides invaluable protection for you and your loved ones. At Libra, we guide clients every step of the way, ensuring your LPA is legally sound, personalised to your needs, and gives you peace of mind.
Take Action Today: Don’t leave your future to chance. Begin preparing your LPA now and secure the protection and support you and your family deserve. Contact Libra today for expert help and personalised guidance.
