Private client lawyers advise on all aspects of an individual client’s financial affairs, including capital gains tax, inheritance tax planning, setting up lifetime trusts and preparing wills. Even if you already have an EPA, it can only be used to look after someone’s property and financial affairs, not their personal welfare. If you want power of attorney to look after someone’s personal welfare, you may be able to take out a personal welfare lasting power of attorney. A property and financial affairs LPA must be registered before it can be used. However, you don’t have to wait until someone loses their mental capacity before using it.
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