The flexibility of Lasting Powers of Attorney for Property and Financial Affairs The current COVID 19 pandemic has classified many people as vulnerable and those people have been advised not to leave their homes. Many people assume that Lasting Powers of...
The Lasting Power of Attorney (LPA) replaced the Enduring Power of Attorney (EPA) on 1st October 2007. An EPA signed before 1st October 2007 is still valid and can be registered, but it is far less flexible than an LPA.
If an EPA has been used, it appoints an Attorney to help manage a person’s affairs, property, finances, pensions etc.
The Attorney can help a person make decisions, or can make decisions if, for example, there is an unforeseen event such as an accident.
A person can use an EPA if they have mental capacity but once mental capacity has been lost, then the EPA has to be registered for the power to continue.
Because there can be confusion between an LPA and EPA and what applies, we are happy to help provide advice and guidance so please do not hesitate to call our specialist team at our Stafford office on 01785 252377 or our Stoke on Trent office on 01782 813315.