The Mental Capacity Act 2005 introduced the new legal document known as a lasting power of attorney. The Act replaced the old enduring power of attorney and came into effect on 1 October 2007. The Act outlines several key benefits of a lasting power of attorney.
Benefits of a Lasting Power of Attorney
Here are five of the most important. o The ability to make decisions on your own behalf. The power is extremely powerful. In the event of your incapacity, your chosen attorney will be given the authority to make decisions on your behalf.
Financial Decisions LPAs
Financial decisions LPAs allow you to specify which health care providers you want to handle your money and property. These decisions could be as simple as making payments, selling property, or claiming benefits or pensions. Financial and medical decisions can also be addressed in an LPA, such as whether or not to go to a nursing home. With this document, you give someone else the right to make those decisions for you if you’re unable to.
Legal formalities
Legal formalities You must comply with the formalities that accompany the Whistleblower Attorney near me First, you must fill out the relevant sections of the form in writing. The form must be witnessed by a third party and stamped by a solicitor. Second, you should list the purposes of your power of attorney and the types of decisions you’d like them to make on your behalf. The process of registering your Lasting Power of Attorney may take up to six weeks.
