A lasting power of attorney, or LPA, is helpful for everyone over the age of 18. A partner or close family member cannot make many decisions on your behalf without legal authority.
Here’s how to get started:
In a recent poll, 36% of you thought you were too young to consider making a lasting power of attorney (LPA).
If you are 18 or over, you can make an LPA.
Read more:
#LPA
#FuturePlanning
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Did you know our 'lasting power of attorney - where to start' animation is available with British Sign Language (BSL)?
The BSL, English and Welsh versions of the animation are all available to watch on Youtube:
#DeafAwarenessWeek
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Court of Protection: The court that makes decisions on property and financial or health and welfare matters for people who lack mental capacity.
Read the full definition and find other words and phrases on our blog:
In a recent poll, 68% of you knew that your attorney does not need to live in the UK or be a British citizen.
Attorneys also need to:
- be 18 or over
- have mental capacity to make their own decisions
Read more:
#LPA
#FuturePlanning
💼💡
#OPGspotlight
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Learn more about IDI Consulting's Requirements Engineering services at
Tackling our terminology: Attorney.
The person chosen to act for someone else on an EPA or LPA. The donor will appoint an attorney (or attorneys) to help them make decisions when they’re no longer able to do so.
🗨️ Read the full definition here:
Tackling our terminology: Donor.
Someone who has created either an EPA or LPA. They are referred to as ‘donors’ because they have donated certain decision-making powers to someone else.
🗨️ Read the full definition here:
President Biden’s budget proposal calls for an increase in capital gains tax up to 44.6%! This would be the highest capital gains tax the US has ever seen.
There’s more: it also calls for a 25% tax on unrealized capital gains.
It’s only for households worth at least $100…