A Lasting Power of Attorney (LPA) is a legal document giving someone you trust the authority to make decisions on your behalf if you lack mental capacity at some time in the future, or no longer wish to make decisions for yourself.
“We all know how important it is to plan for the future. Having a Lasting Power of Attorney (LPA)...in place should be as common and natural as making a Will. It ensures that a person of your choosing will be able to manage your affairs should you lose capacity, be it as a result of dementia, mental illness or an accident.”
Jack Straw, Former Lord Chancellor and Secretary of State for Justice
There are three types of LPA: a Property and Financial LPA; a Health and Welfare LPA and a Business LPA.
For any LPA to be legally binding, you must register it with the Office of the Public Guardian. If you do not, it is the Court of Protection that decides your fate.
This could leave your family (and your business) with unimaginable financial and emotional problems, as reported by The One Show's Dominic Littlewood in the video to the right.
Did you know?
If you do not have an LPA and become unable to communicate or make decision for yourself, the courts will decide how you will be cared for, not your family members.