The Property and Financial Affairs LPA allows you to give your attorneys the right to handle your financial affairs, such as dealing with your bank on your behalf. From communicating with bank managers to establishing or cancelling direct debits, never underestimate the importance of having your financial affairs safely in hand with lasting power of attorney! Your attorney will also be able to pay your bills, question any account activity which seems dubious and handle ingoing and outcoming payments for your account. They will also record their transactions in a written format to be referred to in the future, if necessary.

Obtaining lasting power of attorney for property and financial affairs is just as important as our health and welfare LPA, which assists you in determining your care options during your old age. More than just dealing with bills and the bank, the Property and Financial Affairs LPA allows your attorneys to rent out or sell your property on your behalf, which would be especially useful if you moved in with loved ones or into a residential care facility.

Our Property and Financial Affairs LPA will allow you to keep your options fully open in later life. Perhaps you'd like to sublet your property and use the rent to pay for your care costs? Perhaps you want your attorneys to manage the sale and proceeds of your house rather than allowing the local authority to step in?