This gives your Attorney – the person you have named as the one who will make decisions for you – power to sign cheques, withdraw money, set up direct debits or standing orders and sell property on your behalf.
This gives your named Attorney the power to decide where you will live, and whether or not to agree to medical treatment for you.
Within either type of LPA, you can appoint one or a number of Attorneys and specify which decisions each individual must make unanimously and which they can make individually. You can impose restrictions or conditions on the exercise of their powers, give them guidance and even authorise that they be paid for their role.
After a death, the estate’s executor or administrator has the job of winding up the deceased’s affairs. We take a look at what happens if