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Lasting Power of Attorney


Property and Financial LPA

If you've followed a link to this page you may want to start at the beginning with Lasting Power of Attorney - Introduction.

Will Provider are Derby Lasting Power of Attorney Specialists, we are currently running an in depth series on Lasting Power of Attorneys and how it can be of benefit to you.

So you probably have an idea now of what a lasting power of attorney document does now it's time to find out about the advantages of having a Lasting Power of Attorney Property and Financial document in place and conditions that you can place inside your Lasting Power of Attorney document to guide your appointed attorneys.

In this section Will Provider covers Lasting Power of Attorney - Property and Financial

Lasting Power of Atorney Derby guide

This guide has been broken down into sections, we cover:

Please feel free to contact us by phone, email or Facebook messenger If you have any queries, or you wish to know more about us.
We will be more than happy to answer any questions you may have either over the phone or in person.


Let's look at the Property and Financial Affairs Lasting Power of Attorney (LPA) in more detail.

The Property and Financial Affairs LPA does what it says on the tin to coin an expression.

Put simply, it provides:
Your chosen attorneys the power to make decisions about your financial affairs and your property if you are no longer able to do so.

A Property and Financial Affairs LPA can be used by attorneys whilst you still have capacity if you wish, which can be very useful if you develop mobility issues, lose your hearing or become sight impaired along with whole host other scenarios that may prevent you from being able to deal with your own financial affairs.

The Property and Financial Affairs LPA will allow your Attorneys to make decisions on your behalf on all of your property and financial affairs such as:

Day to day banking, investing money or dealing with savings

Claiming welfare benefits or dealing with pensions

Dealing with your tax affairs

Arranging Medical or optical care

Insuring, maintaining or repairing your house

Paying bills, dealing with mortgages or rent, other household expenses

Buying or selling your property

These are just some examples of what an Attorney’s will be able to do.

Lasting Power of Attorney Instructions and Preferences


Because of the power that you hand over to your attorneys it is very important that you give some thought to adding some instructions or preferences to your Lasting Power of Attorney document.


By entering an instruction into your LPA, you are creating a binding duty for the attorneys to follow, therefore these must be considered carefully before entering them onto an LPA. Entering a preference means you are providing guidance only for Attorneys to follow where possible.

Instruction examples:

derby lasting power of attorney My Attorneys must not make any gifts
derby lasting power of attorney My attorneys must not sell my home unless, in my doctor’s opinion, I can no longer live independently

derby lasting power of attorney My attorneys must instruct a tax accountant to prepare my annual tax return


Preference examples:


derby lasting power of attorney I would like to maintain a minimum balance in my current account

derby lasting power of attorney I would like to donate a fixed amount of money to a particular person or charity each year

These can be necessary to put into the LPA document, as if you were to lose capacity and you would want to continue making a decision with your money that your Attorneys were not aware of then this is a way to express it.

For a guide on what Attorneys must do, and must not do and some general principles that they must follow give our Choosing Attorneys page a read.


Lasting Power of Attorney

Property and Financial Affairs


Lasting Power of Attorney

Health and Welfare

Speak to us, Derby Lasting Power of Attorney specialists
Will Provider
01332 410044
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