Property & Financial Affairs LPA
Learn what a Property & Financial Affairs LPA covers and when it can be used.
Last updated: 1 December 2024
What is a Property and Financial Affairs LPA?
A Property and Financial Affairs LPA gives your chosen attorneys the legal authority to manage your money, property, and financial matters. This is often the most commonly used type of LPA because it covers the practical day-to-day financial decisions we all need to make.
What Decisions Does It Cover?
Your attorneys can help you with a wide range of financial matters including banking, property management, tax returns, and business operations.
When Can It Be Used?
Unlike a Health and Welfare LPA, a Property and Financial Affairs LPA can be used while you still have capacity (with your permission) or after you lose capacity.
Why You Should Not Delay
Creating a Property and Financial Affairs LPA while you are healthy means you can take your time choosing the right attorneys, register it so it is ready when needed, and avoid the stress and cost of Court of Protection if something happens suddenly.
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