why have an lpa?
Without lasting powers of attorney no one has the right to make decisions for you if you lose capacity to make decisions for yourself. There are two types and they enable you to choose people you trust to make decisions for you:
1. Property and Financial Affairs LPA
This can be used while you still have mental capacity. Your attorney can make decisions relating to matters such as your bank accounts (even a joint bank account is frozen if one party loses mental capacity), your investments, buying and selling your property and paying your bills and mortgage.
2. Health and Welfare LPA
This can only be used if you no longer have capacity. Your attorney can make decisions such as where you live and how you are cared for as well as consenting to or refusing medical treatment and even, if you choose, life-sustaining treatment.