A lasting power of attorney (LPA) is a key legal instrument that allows individuals to plan in advance how their personal, financial and medical affairs will be managed should they become unable to do so themselves.
Through an LPA, one can determine in advance who will handle these matters, how decisions regarding property, healthcare or personal issues will be made, and what their wishes will be in such circumstances. This flexible and modern legal tool provides personal and family security and eliminates the need for court intervention to appoint a guardian.
An LPA is executed while the individual is competent, lucid and capable of understanding the implications of their decisions. It enables the person to set clear instructions and authorise a trusted individual to act on their behalf when necessary.