Why an LPA matters more than most people think
You're far more likely to need someone to manage your affairs while you're alive than most people realise: a stroke, an accident, dementia or a serious illness can all leave you unable to make decisions, sometimes overnight.
Without a lasting power of attorney, nobody has automatic authority to deal with money in your sole name, not even your husband or wife. Banks can freeze accounts, pensions can't be managed and a house in your name can't be sold to pay for care. Your family would normally have to apply to the Court of Protection, which can take many months.
The catch: you can only make an LPA while you still have mental capacity. Talk to a specialist about making yours alongside your will.
Read more: lasting powers of attorney explained and what happens without an LPA.
Frequently asked questions
How much does an LPA cost?
The Office of the Public Guardian charges £92 to register each LPA. Most people make two (property and financial affairs, and health and welfare), so £184 each. Professional help costs extra.
What happens if I lose capacity without an LPA?
Your family can't simply take over your accounts, even your husband or wife. Someone usually has to apply to the Court of Protection to be appointed your deputy. It takes months and has ongoing fees and annual reporting.
Can my spouse use our joint account?
Usually yes for joint accounts, though some banks restrict them once they know one holder has lost capacity. Accounts, pensions and investments in your sole name can't be touched without an LPA or deputyship.
Is it ever too late to make an LPA?
Yes. You must have mental capacity to make one. Once a diagnosis like dementia progresses, it may no longer be possible, so it's best done early.
Request a call back
Tell us a little about your situation and we'll call you, usually within one working day, to understand what you need. If it would help, we'll then put you in touch with a specialist, such as a solicitor who deals with wills and powers of attorney. We'll always tell you who they are before passing on your details. We don't give advice ourselves, and there's no obligation.