What Are The Two Types of Lasting Power of Attorney?

There are two types of Lasting Power of Attorney:

Property and Financial Affairs

This type of Lasting Power of Attorney allows the Donor to choose one or more attorneys to make the following decisions in respect of:

• Paying bills, including the mortgage, rent and household expenses
• Buying or selling your home
• Opening, closing or operating any bank, building society or other accounts
• Receiving any income, inheritance or other entitlement on behalf of the Donor
• Dealing with the Donor’s tax affairs
• Insuring, maintaining and repairing the Donor’s property
• Investing the Donor’s savings
• Making limited gifts on behalf of the Donor
• Paying for private medical care and residential care, or nursing home fees

This Lasting Power of Attorney allows the Donor to appoint individuals to manage their property and financial matters at any time.

Health and Welfare

This type of Lasting Power of Attorney allows the Donor to choose one or more attorneys to make the following decisions in respect of:

• Treatment and Welfare care
• Deciding if they should have a knee replacement
• Where to live and with whom
• Who may visit them and who may not
• What they want to buy, wear or where to shop
• Holidays, outings and other experiences
• Running the house, choosing interior decoration and furniture
• Deciding about terminal illness treatment and care
• Considering where they may like to die and the funeral arrangements.

This Lasting Power of Attorney can only be used when the Donor has become unable to make their own decisions.