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Understanding Lasting Power of Attorney (LPA)
A Lasting Power of Attorney (LPA) is a vital legal tool that empowers a person, known as the Donor, to designate an individual or a trust corporation—referred to as the Attorney—to manage their affairs. This appointment can become crucial should the Donor lose the capacity to make decisions or choose to delegate their decision-making powers. There are primarily two types of LPAs:
1- Property and Financial Affairs LPA This type of LPA allows appointed persons to handle financial duties on your behalf, such as:
Managing real estate transactions, including buying and selling properties.
Operating bank or building society accounts.
Handling income from benefits, pensions, and allowances.
2- Health and Welfare LPA A Health and Welfare LPA enables your chosen representatives to make critical health and lifestyle decisions for you, such as:
Making choices about your healthcare and medical treatments.
Deciding on your living arrangements, including staying at home with support or moving into a care facility.
Overseeing everyday aspects of your life, like diet and personal care.
Comprehensive Guidance on Lasting Power of Attorney
At Marshall Wills and Trusts, we provide extensive support and detailed guides on creating an LPA that reflects your wishes and safeguards your interests. Our resources explain the importance of an LPA and offer practical advice on how to establish one effectively.
If you're interested in securing your future and ensuring your affairs are managed according to your preferences, download our Complete Guide to Lasting Power of Attorney (LPA) or contact us directly for personalised advice.
"Empower your future with a Lasting Power of Attorney from Marshall Wills and Trusts, ensuring that your decisions are respected, no matter what lies ahead."
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