LPA Property and Financial Affairs

Further Information

A Lasting Power of Attorney (LPA) - Property and Financial Affairs form allows individuals to appoint a legally authorised person or persons to make decisions with regard to their property and financial affairs should they become incapable of doing so themsleves at some point in the future. A Donor can appoint a Property and Financial Affairs Attorney to manage their finances and property while they still have capacity as well as when they lack capacity if they choose, e.g. where the Donor wants to give someone the power to carry out tasks such as paying bills or collecting benefits if they have difficulty getting around. It must be made while the Donor is of sound mind and can relate to any and all decisions about the Donor's property and financial affairs or can be limited to specific powers.

An LPA - Property and Financial Affairs  cannot be used until it has been registered with the Office of the Public Guardian. It can be registered at any time after it has been made, but the benefit of registering it shortly after it has been made is that it will be ready to be used by the Attorney(s) when it is needed.

You can choose as many Attorneys as you wish. A Property and Financial Affairs Attorney does not have the power to make decisions with regard to the Donor's health and welfare unless the Attorney is also appointed as a Health and Welfare Attorney.

The LPA - Property and Financial Affairs document incorporates a certificate which must be signed by an independent person chosen by the Donor who must confirm that, in his/her opinion, the Donor is making the LPA of their own free will and that the Donor understands its purpose and the powers they are giving to the Attorney(s).

A LPA may be revoked using a Deed of Revocation at any time, either before or after registration, while the Donor still has mental capacity. It is necessary to inform the Attorney(s) of the revocation as the Attorneys' authority does not cease until they receive notice of the revocation. A copy of the Deed of Revocation should be sent to each Attorney. If the LPA has been registered then a copy should also be sent to the Office of the Public Guardian, stating that the Attorney(s) have been notified.

The document package includes guidance on completion and how to register the document with the Office of the Public Guardian, the forms required for registration and a Deed of Revocation which can be used any time at any time while the Donor still has mental capacity. Please note that the registration forms could be out of date by the time you come to register the LPA so you should check with the Office of the Public Guardian that the forms you have are still valid.

Features

This LPA - Property and Financial Affairs package includes the following documents which are suitable for use in England and Wales:

• Deed of Revocation
• General guidance notes on LPAs
• Guidance notes on how to complete and register the LPA
• LPA - Property and Financial Affairs  form
• Registration forms (LPA001 and LPA002).

Related Documents

This LPA - Property and Financial Affairs document package is available individually, as part of the Lasting Power of Attorney package (£11.28 incl VAT)  or as part of a Full Annual Subscription (£199 incl VAT) - giving you access to all Clickdocs documents, packages and forms for a single annual fee.

• Ordinary Power of Attorney - to allow Attorneys to temporarily manage property or finances
• Deed of Revocation - to allow Attorneys to manage all or specific financial affairs

Scottish Version

If you are looking for documents similar to an LPA Property and Financial Affairs Package for use in Scotland, follow this link: Continuing Power of Attorney.