LPA PA - trusting someone with your property and affairs
A Lasting Power of Attorney for Property & Affairs (LPA PA) takes care of your financial affairs and can be worded to cover your property, bank accounts and other assets. Amongst other things, this means that your chosen attorney can pay your bills and deal with your income if you become incapable.
You can decide when this arrangement is invoked – for example, if you have difficulty getting out of the house or talking on the phone, you can appoint someone to legally act on your behalf in these circumstances, even if you are still as sharp as ever. Alternatively, the LPA might only be triggered when you lack the capacity to make any decision yourself.