Making and Registering a Lasting Power of Attorney (LPA) during the Coronavirus Outbreak
The Pandemic has led to a lot of soul searching and worry about “what if?” for many of us, not only physically but also mentally. An LPA is a legal document that lets you (the ‘donor’) choose trusted people (‘attorneys’) to make financial decisions or health and care decisions on your behalf if you cannot.
An LPA is mainly used if you do not have the mental capacity to understand and make decisions yourself. You need mental capacity to make an LPA and this means the ability to make a specific decision at the time that it needs to be made. You do not need a lawyer to make an LPA, unless you have unusual or specific requirements.
You will have to choose what sort of decision you will need help with. There are two kinds of LPA, covering two kinds of decisions:
- money, finances and property
- health and care
Each LPA has its own form. To choose both, fill in both forms which can be found here:
As a result of the first Finance Act being rushed through due to the snap General Election, the legislation to introduce the new company loss relief rules were dropped. This led to considerable uncertainty as to the start date of the new rules but it has now been confirmed that the new rules will apply from 1 April 2017 after all.
For further information on LPA’s, please contact Gemma Hedges on 023 8046 1259.