A guide to Lasting Powers of Attorney
What is Lasting Power of Attorney?
A Lasting Power of Attorney is a legal document in which you (the Donor) appoint one or more persons (your Attorney(s)) to help you make decisions or to make decisions on your behalf if you were to lose mental or physical capacity in the future.
There are two types of Lasting Powers of Attorney: -
- Property and financial Affairs: Deals with matters relating to your financial affairs. This document will entitle your Attorney(s) to deal with your finances, receive benefits on your behalf, operate bank accounts and any other management of your affairs;
- Health and Welfare: Deals with matters relating to your personal welfare such as social and care needs, and decisions about your medical care. This Power (if you agree to it) can also provide your Attorney(s) with the power to accept or refuse life sustaining treatment on your behalf.
A Lasting Power of Attorney for Property and Financial Affairs can be used at any time during your lifetime if you feel that you need assistance with managing your finances and you still have capacity.
A Lasting Power of Attorney for Health and Welfare can only be used once you have lost the capacity to make decisions relating to your health and welfare.
Thompsons' Lasting Power of Attorney service is provided by BBH Legal Services Limited, a subsidiary law firm wholly owned by Thompsons.