What is a lasting power of attorney? A lasting power of attorney is a written contract that provides for the legal authority for one person to act on another person’s behalf. A power of attorney is typically granted by a document known as a “power of attorney” or “deed of administration”.
Lasting powers of attorneys in UK law are created under the Mental Capacity Act. The Mental Capacity Act empowers a third party to make a decision about a person’s welfare and/or finances if the person is no longer able to do so. The “power of attorney” is then given to the person who is now the legal agent for the intended incapacitated person – the agent can be anyone who is qualified to do so, even if they are not relatives or friends. The power of attorney must be used only for the purpose that was stated within the document. Find out more about this and a Will Writing Service Cheltenham, visit a site such as Bees and Co
To protect your interests, your attorney must make you aware of any limitations on the use of the power and must record the decision and your consent. If your intended person uses the power improperly, it can be grounds for legal action. If you need more information on the benefits of a power of attorney, consult with a solicitor for such important issues.