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Preserve it and save: how conditional exemption can protect your heritage... and your wallet
Charles Richardson
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CoP Talks: Empowering minds, protecting lives - Introduction to capacity and CoP (Part 1)
CoP Talks: Empowering minds, protecting lives - FAQ’s - What are LPAs? (Part 2)
CoP Talks: Empowering minds, protecting lives - Health and Welfare Deputyships (Part 3)
CoP Talks: Empowering minds, protecting lives - Can a person who lacks capacity get married? (Part 4)
CoP Talks: Empowering minds, protecting lives - When does a Deputy need CoP approval for legal work? (Part 5)
CoP Talks: Empowering minds, protecting lives - What is a Statutory Will? (Part 6)
CoP Talks: Empowering minds, protecting lives - Can an attorney/deputy make gifts? (Part 7)
CoP Talks: Empowering minds, protecting lives - How can a Professional Deputy assist after a Personal Injury? (Part 8)
CoP Talks: Empowering minds, protecting lives - How does a Professional Deputy manage a client’s affairs? (Part 9)
In this comprehensive podcast episode, we provide a detailed overview of Lasting Powers of Attorney (LPAs) and FAQs. This crucial legal tool allows you to appoint trusted individuals to make decisions on your behalf if you lose mental capacity.
Key topics covered include:
- The two main types of LPAs - Property & Affairs, and Health & Welfare - and the different decisions each one authorises your appointed "attorneys" to make.
- How many attorneys you can appoint, the options for them to act jointly, jointly and severally, or with substitutes, and the importance of choosing people you truly trust.
- Guidance on setting instructions or restrictions within the LPA to specify how your attorneys should act.
- The process of registering an LPA with the Office of the Public Guardian to activate its legal powers.
- Clarification that LPAs are not just for older individuals, but can be crucial safeguards for anyone, even those as young as 30, in case of unexpected illness or accident.
- Details on the current LPA registration fees, and options to have them waived or reduced if receiving certain benefits.
Whether you're planning ahead for your own future, supporting a loved one, or working in a relevant professional field, this podcast offers invaluable insights into leveraging LPAs to protect one's autonomy and best interests. Don't miss this essential guide on this important legal tool.
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