A lasting power of attorney (LPA) is a legal document that lets you (the ‘donor’) appoint one or more people (known as ‘attorneys’) to help you make decisions or to make decisions on your behalf.
This gives you more control and protection over what happens to you if you have an accident or an illness, and cannot make your own decisions.
There are 2 types of LPA:
- health and welfare
- property and financial affairs
You can choose to make one type or both.
At Portfolio we have been facilitating POA arrangements for our clients for a number of years, and have first hand experience of the benefits they have brought to affected families. In the most difficult times they can be a vital document that eases the financial and emotional burden on your family.
Furthermore, should you be acting as an attorney for a loved one we can assist you with meeting your obligations to invest a manage investment and pension funds suitably, and with the donors best interest at heart.