Property & Financial Lasting Power of Attorney

A Property and Financial Affairs LPA gives your chosen Attorney(s) authority to deal with your property and finances as you specify.

You can appoint your Attorney to manage your finances and property whilst you still have capacity. For example, if you were going abroad or into hospital, it could be convenient to allow your Attorney to carry out tasks such as paying your bills or collecting your benefits or other income.

 

Examples of things your Attorney can manage on your behalf are:

  • looking after your bank accounts, savings, investments or other financial affairs
  • buying and selling property on your behalf
  • claiming and spending welfare benefits on your behalf
  • deciding where you live
  •  tax affairs
  •  debts

You may decide to give your Attorney the power to make decisions about any or all of your
property and finances, even selling your house. If you do not want to give such wide powers,
you may require your Attorney to act only in respect of certain tasks and/or only when you lack
capacity.

 

Not just about capacity

A Property and Finance LPA can be used at any time, even if you have capacity, with your authority.
People regularly use Property and Finance LPAs in the following circumstances

  • They are abroad for a significant period of time
  • They are moving to another country
  • The no longer want to manage their own finances
  • They are too busy to manage their finances

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Need advice? Email us enquiries@terry-jones.co.uk