This podcast episode continues with the estate planning theme, explaining the role of a Lasting Power Of Attorney for either health related matters or property and financial affairs.

Key Takeaways

  • An individual can create an LPA covering all their affairs or just their health and welfare.

  • At the point the appointed attorney believes their donor is losing their mental capacity they must apply to The Office of Public Guardian to register the LPA to attain continuing authority.

  • A code of practice applies to holders of LPAs including the requirement to keep the grantee’s funds separate from their own or anyone else’s.

  • There are strict limits on the gifts that attorneys can make on the donors behalf.

Get In Touch

If you would like some help with estate preservation planning, book a free 30 minute call:

Receive the latest TT Wealth Financial Planning Newsletter along with regular money tips by email:

TT Wealth May / June 2024 Newsletter
 Your email address will NEVER be shared or sold. You are always free to easily unsubscribe or customise your email preferences at any time. If you have any questions, please contact:

Subscribe Now

Subscribe on itunes
Subscribe on Google Podcasts
Subscribe on Spotify
Subscribe on Stitcher
Tony Talks Wealth - RSS Feed