As from the 1st October 2007 the old Enduring Power of Attorney (EPA) system was replaced with a new format known as the Lasting Power of Attorney (LPA).
First and foremost, if you have an old style EPA please don't worry. As long as it was correctly signed and witnessed it remains perfectly valid.
Accessing someone's finances if they become incapacitated or ill is a complex and protracted process - which could make things very difficult for a spouse, partner or your children. Bills could go unpaid and cash would be impossible to access.
Setting up a Lasting Power of Attorney allows you to hand control over to someone that you trust should the need arise - giving them full control to manage your affairs in your best interests until such a time that you are able to take up the reins again yourself.
As you would expect, with Just Wills it's a pretty straightforward process. Simply contact us and we can give you more details or arrange a meeting.