Lasting Power of Attorney

What is an LPA?

Whilst you have your mental capacity and are physically able you handle your own financial affairs, when you die your Executor will handle them. In the mean time if through accident, illness or eventually old age you should lose your capacity then there's a gap where no one has the automatic legal right to handle your affairs on your behalf. There are two types of LPA; one for Property & Affairs and another for Health & Welfare


Who should be my Attorney(s)?

You may appoint anyone who is over 18 and is not bankrupt and has 'mental capacity' as your attorney(s). They must be people whom you trust, and we always recommend that you choose two attorneys ie. your spouse and one other. You can also appoint 'reserve attorneys'.


When Should I Execute an LPA?

Do it as soon as possible. We do not know what life has in store for us, a Will and an LPA give us the peace of mind that no matter what happens to us we have appointed people to act. As a point, our advice is that all critical illness insurance policies should be accompanied by an LPA just in case any future critical illness prevents us from administering the claim for the policy proceeds.

How do I arrange for an LPA?

As a part of our service Goodwills recommend our clients execute an LPA at the time they draft a Will. If you already have a Will and wish to effect an LPA we will be happy to assist you.