The introduction of the Mental Capacity Act 2005 allowed Lasting Powers of Attorney to be registered with the Office of the Public Guardian. Making your Lasting Power of Attorney is a cost efective way if securing your future.
We all know that you need a Will to make sure your home and other assets go to the ones you love when you're gone. But a Will is only one part of the plan. Whilst planning for your future, it is prudent to take steps to ensure the people who you trust will look after you if you ever lose your mental capacity.
When you make a Will then consideration to Lasting Powers of Attorney is important. Before a Lasting Power of Attorney can be used it has to be a registered Power of Attorney having been submitted to the Office of the Public Guardian for registration.
There will be occasions when one person (called the donor) will want another person (called the attorney) to make decisions on their behalf. A Lasting Power of Attorney allows them to do so.
There are two types:
Property and Affairs
Making a Will and Lasting Powers of Attorney have never been so important.