Legal insight: Does a power of attorney last or does it endure?

'The apparently innocuous nuance in terminology is misleading'

clock • 4 min read

There are tangible differences between an EPA and an LPA of which a donor should be aware, writes Richard Burgess

Powers of attorney are potent documents. They permit a person, known as the "donor", to appoint trusted individuals to take potentially crucial decisions on their behalf. Such powers are not to be entered into lightly and should be considered as important as, and stored alongside, one's will. Prior to 1 October 2007, powers of attorney took the form of an enduring power of attorney (EPA). Since that date, EPAs have been replaced by lasting powers of attorney (LPA) but they have not disappeared from legal view. The apparently innocuous nuance in terminology is misleading; there are ...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Laura Suter explores the patchwork of government childcare polciy

Government must bring clarity to childcare provision

Childare will be a key policy point at the next general election

Laura Suter
clock 21 March 2023 • 4 min read
Record IHT receipts up 16% year-on-year with £0.9bn increase

Record IHT receipts up 16% year-on-year with £0.9bn increase

Running total for 2022/23 now £6.4bn, surpassing last year’s final figure

Jenna Brown
clock 21 March 2023 • 4 min read
Picture by Rory Arnold / No 10 Downing Street

Budget in review: A 'transformative' time for pension savers

Spring back to work….please! A look at the big changes in pensions

Stewart Sanderson
clock 20 March 2023 • 5 min read