Lasting Powers of Attorney (LPAs), a legal document whereby a person aged 18 and over can appoint one or more persons to make decisions on his or her behalf when he or she lacks the mental capacity to do so in the future. These decisions pertain to his or her property and financial affairs and/or health and welfare when he or she becomes physically or mentally unable to make such decisions. Please refer to the following infographic for more details.
This great infographic describes the types of LPAs, how they work and what defines their mental capacity. However, who can be an attorney? The infographic answers that question as well.
Another option is choosing multiple attorneys. If you choose to appoint multiple attorneys, ensure that they are likely to work together and easily arrive at consensus for important decisions. Any differences of opinion need to be resolved amicably so as to minimise the possibility of deadlock.
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