Lasting Powers Of Attorney
What is a Lasting Power of Attorney (LPA)?
A Lasting Power of Attorney (LPA) is a powerful legal document that allows you to choose people you trust — called attorneys — to make decisions on your behalf if you lose mental capacity or need help managing your affairs. There are two main types of LPA: one for Property and Financial Affairs and another for Health and Welfare.
Why is an LPA important?
Many people assume that their spouse or family members can automatically make decisions if they become unable to do so. However, this is not the case. Without an LPA in place, no one has the legal right to manage your finances, access your bank accounts, or make care decisions on your behalf.
As a result, if you lose capacity, your loved ones may face frozen accounts, unpaid bills, and a lengthy application to the Court of Protection before they can act.
There is no wonder Martin Lewis describes an LPA as being more important than a Will.
How does a Lasting Power of Attorney work?
When you create an LPA, you remain in control. As long as you can make your own decisions, you continue to do so. Your attorneys must always help you make choices where possible and can only act on your behalf when you are no longer able to.
Each LPA is governed by the Mental Capacity Act 2005, which ensures that attorneys act in your best interests at all times. They must follow strict rules and guidance from the Office of the Public Guardian (OPG).
Do you need legal advice to make an LPA?
Because an LPA is a legally binding document (a deed), it’s essential to get professional guidance before completing or registering one. Proper advice ensures the document reflects your wishes accurately, protects you from potential abuse, and is correctly registered with the OPG.
Secure your peace of mind
At Moneybox Wills and Trusts, we make the process simple and stress-free. Our team offers complimentary advice to help you understand the different types of LPAs and ensure your documents are prepared and registered correctly.
Book your free initial consultation today and take control of your future with expert guidance.
Need any further help?
Lasting Powers of Attorney
Property & financial Affairs
What is a Property and Financial Affairs Lasting Power of Attorney?
A Property and Financial Affairs LPA gives your chosen attorneys the legal authority to help manage your money, property, and financial decisions if you become unable to do so yourself — or if you simply prefer support in doing so.
This type of LPA allows your attorneys to pay bills, manage bank accounts, liaise with financial advisers, handle investments, and even buy or sell property on your behalf. In addition, they can help with digital banking, online accounts, and paying for care fees — areas that families often overlook.
Why is a Property and Financial LPA important?
Without this authority in place, your family cannot legally assist with even the most basic financial matters. For example, they would be unable to access joint bank accounts, pay care home fees, or manage your property if you lose capacity.
As a result, many families face unnecessary stress and financial delays — often requiring an application to the Court of Protection, which can take 12 months and cost far more than setting up an LPA.
LPAs for business owners and the self-employed
If you’re self-employed or run a business, a Property and Financial Affairs LPA is vital. It allows your attorneys to file accounts, access business funds, manage payroll, or wind down operations if needed. This ensures continuity and protects your employees and clients while you recover or during long-term incapacity.
Get expert advice before setting up your LPA
Because a Property and Financial Affairs LPA grants wide-ranging powers, it’s essential to get professional advice before signing or registering the document. At Moneybox Wills and Trusts, we help you:
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Understand your options.
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Choose the right attorneys.
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Prepare and register your LPA with the Office of the Public Guardian.
Book your free initial consultation today and ensure your financial affairs are in safe hands.
Lasting Powers of Attorney
Health & Welfare
What is a Health and Welfare Lasting Power of Attorney?
The Health and Welfare LPA is the lesser-known but equally vital document that ensures your loved ones are in control of your care and wellbeing. It allows your chosen attorneys to make personal welfare decisions, from where you live and the type of care you receive, to medical treatment and end-of-life wishes.
Importantly, this document is not the same as a Do Not Resuscitate (DNR) order or a Living Will. Those record your personal treatment preferences, whereas an LPA for Health and Welfare empowers your attorneys to make those decisions for you in real time, taking account of your current condition and best interests.
Why is a Health and Welfare LPA essential?
Many people assume that family members automatically have the right to make healthcare decisions if they lose capacity. However, that isn’t true. Without this LPA, the local authority or medical professionals make the final decision, although they must consult your family, their word is not binding.
By setting up a Health and Welfare LPA, you give your loved ones the legal authority to decide where you live, what treatment you receive, and how your care is managed. As a result, your family keeps control rather than the state.
What decisions can your attorneys make?
Your attorneys can decide on your:
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Daily routine, diet, and personal care.
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Medical treatment and care plans.
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Living arrangements, including whether you stay at home or move into care.
They can also request reviews of your healthcare or social-care provision, rather than waiting for the local authority to act. This means you receive faster, more responsive care and your family can adapt to changing circumstances.
Protect your wellbeing and your family’s peace of mind
At Moneybox Wills and Trusts, we make the process of creating your Health and Welfare LPA simple and stress-free. We help you choose suitable attorneys, explain their responsibilities under the Mental Capacity Act 2005, and ensure your documents are properly registered with the Office of the Public Guardian (OPG).
Book your free initial consultation today to make sure your future care and medical decisions stay in the hands of those you trust most.
Need any further help?
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