29/06/2023
Do you know the difference between an Enduring Power of Attorney and Lasting Powers of Attorney?
1. EPAs only cover financial affairs whereas LPAs cover health, welfare, property, and financial affairs.
2. Creation of LPAs is more secure. For an LPA to be valid it must be registered with the Office of the Public Guardian before it is effective.
3. LPAs allow you to appoint replacement attorneys.
4. LPAs are safer than EPAs and have a stronger supervision.
If you have an Enduring Power of Attorney or none in place now is a good time to consider setting up a Lasting Power of Attorney.
For professional advice please call us on 01977551320 or 01226780840.