Powers of Attorney

A power of attorney is a legal document that gives someone else the power to manage your financial affairs for you - a sensible idea if something happens which leaves you unable to manage them for yourself.

Lasting Powers of Attorney (LPAs) replaced Enduring Powers of Attorney (EPAs) in October 2007, although existing EPAs continue to be valid. There are two types of LPA:

• Property and financial affairs LPA
• Health and welfare LPA

What is an LPA?

A Lasting Power of Attorney is the way to ensure that the people you trust will be able to take important decisions on your behalf if you become mentally or physically incapable of doing so for yourself.

While LPAs are most often used to deal with the affairs of the elderly, if they are prepared much earlier in life they will give the same protection in the event of incapacity as a result of illness or accident.

You can choose to make one or both types of LPA. As EPAs only cover financial and property matters, those wtih an existing EPA may now wish to make a health and welfare LPA too.

Mogers' Client Support Group has extensive experience of advising on the issues surrounding powers of attorney, and the firm's partners frequently act as attorneys for clients. We offer advice on an attorney's powers to act, and deal with applications to the Public Guardianship Office in connection both with lifetime tax planning and gifts, and the preparation of court-approved (“statutory") wills.

To discuss how our team can help you, contact:

Anthony Nash
Tel: 01225 750000
Email: anthonynash@mogers.co.uk