General Power of Attorney & Lasting Power of Attorney
Solicitors based in Crownhill Plymouth
A Power of Attorney allows you to choose a person to act for you when you cannot or do not want to. You are called the Donor as you are giving the power to the Attorney. The Attorney then steps into your shoes and acts as if they were you. They must always act in your best interests and so long as you have the mental capacity, then you can revoke the power and end the power of attorney at any time.
It is not possible for an Attorney to apply to become your Attorney, you must actively give them the Power and the instruction to create a Power for someone to act as your Attorney can only come from you. A Lasting Power of Attorney (LPA) can be specified a Property and Financial Affairs LPA which covers decisions about the donor's property and money and or a Personal Welfare PA which covers decisions about the donor's healthcare and personal welfare
Signing a Lasting Power of Attorney (LPA) is probably the most important and thoughtful thing you can do for the friend or family member who may have to deal with your affairs if you lose capacity to make decisions for yourself. Unfortunately, a significant number of us will be unable to manage some, or all of our affairs in later years. Evans Harvey Solicitors have years of experience and knowledge of helping our clients create Power of Attorney or Lasting Power of Attorney arrangements.
Lasting Power of Attorney
A Lasting Power of Attorney is particularly important to consider if you have had a recent diagnosis of a progressive illness, such as Parkinsons Disease, Dementia, Multiple Sclerosis or Huntingdons Disease. Making a Power of Attorney now will give peace of mind and an 'insurance policy' for the future years.
General Power of Attorney
A General Power of Attorney gives someone else the power to handle your financial affairs for you while you are able to oversee and make your own decisions (usually for a specific reason or a limited period). However a Power of Attorney can be useful for other reasons, e.g. a prolonged absence from the UK. It is often put in place whilst awaiting registration of a Lasting Power of Attorney.