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Isle of Wight Power of Attorney Solicitors
A Power of Attorney enables you (the Donor) to appoint another (the Attorney) to deal with your financial and welfare affairs.
There are two types of Power of Attorney:
- General Power of Attorney
- Lasting Power of Attorney (LPA)
General Power of Attorney
A General Power of Attorney gives someone of your choosing the authority to act on your behalf in property or financial matters for a limited period.
For instance, you could be going on holiday abroad but need someone to act on the sale of your home while you are away.
A General Power of Attorney would cover this eventuality.
Lasting Power of Attorney
An LPA can be one of two types
- Health & Welfare Lasting Power of Attorney
- Property & Financial Lasting Power of Attorney
Both types of LPA give someone of your choosing the power to make decisions on your behalf should you be unable to do so.
- With a Health & Welfare LPA, you can choose one or more people to make decisions about your wellbeing. These could include decisions about your day to day health regime, medical care, moving to a residential care home or refusing life-assisting treatment.
- With Property and Financial LPAs, you appoint one or more people to make decisions about your money, property and assets for you.
These decisions can be on quite small matters such as paying your bills or collecting your benefits to major issues such as selling your home.
Should you wish to make a Power of Attorney, Glanvilles Damant can advise you on the appropriate type and we are experts on drafting the documents to make sure that they have your best interests at their core. Contact us today to discuss how we can help.
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