What is the difference between a Lasting Power of Attorney and a General Power of Attorney?
A General Power of Attorney (GPA) is a relatively straightforward authorisation for wide-ranging use or for specific periods or events. The need to create a GPA might arise, for example, if you go abroad and need to entrust the management of business interests to your spouse. A General Power of Attorney can only be used to manage or deal with your financial affairs. Lasting Powers of Attorney (LPAs) are more complicated to create and administer than GPAs because they permit the Attorney to make decisions that you’re incapable of making. They require particular procedures and formalities to be followed. A GPA is automatically revoked if you become mentally incapable. Find out more about the different types of Power of Attorney Find out more about making a Power of Attorney.
