Property and Financial Affairs

A Property and Financial Affairs LPA enables your attorneys to make decisions for you about:

Buying, selling and maintenance of property.

Opening, closing and managing of bank and building society accounts.

Buying, selling and managing stocks and shares.

Pensions, Insurance and tax matters

Applications for funding for NHS, social care and adaptations

Without an LPA your loved-ones cannot deal with these matters or access accounts in your name and If you become unable to make decisions for yourself someone will need to apply to the Court of Protection to be appointed your Deputy to act on your behalf. This can be a lengthy and expensive process.

N.B. Your attorney/s cannot use the LPA without your permission if you still have mental capacity.

However, once it has been registered your attorney/s can, if you wish, make decisions for you whether or not you have mental capacity.You can, for example, let them help with everyday things on a temporary basis while you are in hospital such as making sure that bills are paid.