POWER OF ATTORNEY
A Power of Attorney is a legal document that allows someone to act on your behalf and/or make decisions about certain aspects of your life if you are no longer able to, or if you no longer wish to make your own decisions.
The reasons why you might need someone to act on your behalf and/or make decisions on your behalf can be due to temporary situations, such as you are in hospital or you are spending some time abroad, or it could be for longer term reasons such as you have been diagnosed with dementia.
There are two different types of Power of Attorney and you can have more than one set up at one time:
- Ordinary power of attorney
- This covers decisions about your financial affairs and is valid while you have mental capacity (the ability to make or communicate decisions). It is best used when you need someone to act on your behalf for a temporary period of time such as if you are in hospital or you are spending some time abroad
- Lasting power of attorney (LPA)
- This covers decisions about your financial affairs, or your health and care. It comes into effect if you lose mental capacity, or if you no longer want to make decisions for yourself. You would set up an LPA if you want to make sure you’re covered in the future.
Our Solicitors can advise you about which Power of Attorney is most suitable for you and what each would mean for your specific situation.