Health vs. Financial LPAs: Which One Do You Need?
When it comes to planning for the future, many people wonder: "Do I need a Health LPA, a Financial LPA, or both?" The answer depends on your specific needs and circumstances. In this blog, we’ll break down the key differences between these two types of LPAs and help you decide which one is right for you.
What is a Health and Welfare LPA?
A Health and Welfare LPA allows your attorney to make decisions about:
Your medical treatment and care.
Where you live (e.g., care homes or assisted living).
Day-to-day matters like diet and routine.
This type of LPA only comes into effect if you lose the capacity to make decisions yourself.
What is a Property and Financial Affairs LPA?
A Property and Financial Affairs LPA allows your attorney to manage:
Your bank accounts and investments.
Paying bills and collecting benefits.
Selling or managing your property.
This type of LPA can be used as soon as it’s registered, with your permission, or if you lose capacity.
Do You Need Both?
For comprehensive future planning, many people choose to set up both types of LPAs. This ensures all aspects of your life—health, welfare, and finances—are covered.
How We Can Help
At Power of Attorney, we make it easy to set up one or both LPAs with our guided service. For just £89 per document, you’ll receive expert-reviewed forms and clear submission instructions.
