There are several types of LPA, all of which serve different purposes. Some give you greater control of your finances. Others give you a say on your future healthcare. Depending on your circumstances, you may require several types of LPA.

1. Property and Affairs

This LPA permits the people you choose to look after your financial affairs when you are no longer able. They are able to make decisions about buying and selling your property. They can open, close, and operate bank/building society accounts. Your attorney can also claim, receive and use your benefits in your best interests as specified by you. This money can be used for expenses, nursing home fees, utilities and other outgoings.

Having an LPA is a safe way of maintaining control over decisions made for you. This is because it has to be registered with the Office of the Public Guardian before it can be used. You choose the people appointed as Attorneys; your Attorneys must follow the Code of Practice and always act in your best interests.

2. Health and Welfare

This LPA permits your attorney(s) to act for you in respect of your personal affairs and welfare only. It allows the people you choose make decisions about giving or refusing consent to particular types of health care, including medical treatment decisions. They can also decide whether or not you should stay in your own home, perhaps with help and support from social services. If it is best for you, they can also help you move into a residential home. The LPA allows them to help choose the right care home for you, and also covers day-to-day routine, like your diet, dress, or daily routine.

3. Business LPA

If you have a business and you became ill or had a serious accident then you might find that your absence makes it difficult for your business to operate. Who can handle the finances and make decisions on your behalf specifically in relation to your business assets? We all love our family and whilst they may be the best person to look after you personal property and affairs they may have no idea of the complexities involved with your business.

A business LPA is an essential document for anyone in business.

You can have an entirely separate LPA appointing attorneys to act for you specifically in relation to your business affairs, appointing people you know and trust to run your business whilst you are unable to do so. You are safe in the knowledge that if something unexpected does happen – your business will continue to run as smoothly as possible until you are able to take back the reigns.

Once any of these LPAs are produced they need to be registered with the Office of the Public Guardian before they can be used. We can take on this responsibility for you- ask your consultant about LPA registration.