Dementia now affects one in three people and loss of mental capacity is becoming more relevant in today’s. However the need for an LPA should not just stem from the threat of dementia and should not just be considered for elderly relatives. Accidents or illness can also result in an individual losing the mental or physical capacity to deal with their care or financial affairs. Creating an LPA can help to ease the worry and lessen the burden on those who would need to care for you if any such event were to occur.
An LPA is a legal document. It enables you to appoint who can act on your behalf in the event that you become mentally or physically incapacitated in the future and can be a very useful tool if you have concerns about Care Home Funding.
There are two types of LPA. The Health and Welfare LPA allows responsibility for decisions to be made by your Attorneys regarding medical and welfare matters such as where you live or what medical treatment you should receive. The Property and Affairs LPA gives your attorneys the power to pay your bills, collect income and benefits on your behalf, sell your home and manage your finances generally. Restrictions and Conditions can be placed in both documents to limit the action an Attorney can take on your behalf.