On 15th March 2022, the Economic Crime (Transparency and Enforcement) Act 2022 (the “Act”) received Royal Assent. According to the Government, the Act aims to tackle economic crime by...Find out more
A power of attorney is a way of giving someone else legal authority to deal with your affairs.
When we advise clients on their estate planning, Lasting Powers of Attorney (LPAs) are particularly useful. An important feature of an LPA is that you can delegate authority to your chosen attorney and that authority remains in force, even if you subsequently lose mental capacity yourself. This can extend to financial matters or to health and welfare decisions (or both) and an LPA can be of great benefit for clients who later suffer major physical or mental illness, to the extent that they are unable to manage their own affairs.
LPAs replaced Enduring Powers of Attorney (EPAs) but EPAs which were signed before 1 October 2007 are still effective; we advise on both old and new regimes.
We can also assist with trustee powers of attorney and general powers which are also sometimes required in certain circumstances.