A Property and Financial Affairs Lasting Power of Attorney (LPA) lets you choose someone you trust to help manage your money and property.
This can include things such as bank accounts, paying bills, pensions, benefits and property.
Why might I need one?
A Property and Financial Affairs LPA can make it easier for someone you trust to manage financial matters if you are unable to do so yourself.
Unlike a Health and Welfare LPA, a Property and Financial Affairs LPA can be used as soon as it is registered, with the person's permission.
How to make one
You can make an LPA online through GOV.UK or use paper forms.
Step 1: Choose your attorney
Choose someone you trust to manage your financial affairs.
You can appoint more than one attorney if you wish.
Step 2: Complete the Property and Financial Affairs LPA
The Property and Financial Affairs form is called LP1F.
You can complete it online or using the paper form.
Step 3: Get the necessary signatures
The form needs to be signed by the relevant people, including the person making the LPA, the attorney or attorneys and witnesses.
You will also need a certificate provider.
Step 4: Register the LPA
The LPA must be registered with the Office of the Public Guardian (OPG) before your attorney can use it.
Registration currently costs £92 per LPA, although reductions or exemptions may be available. Registration usually takes 8 to 10 weeks if there are no mistakes in the application.
Step 5: Keep the registered LPA safely
Once registered, keep the document somewhere safe.
If someone else will be helping with financial arrangements connected to care, make sure they have access to the registered LPA when it is needed.
If care is being arranged, please send edyn.care a copy if it is relevant to the care arrangements.
Health and Welfare or Property and Financial Affairs?
The two LPAs do different jobs:
LPA | What it covers |
Health and Welfare | Care, medical treatment, daily routine and where someone lives |
Property and Financial Affairs | Money, bills, bank accounts, benefits, pensions and property |
Some people choose to have both.
Already have an LPA?
You don't need to make a new one if a valid Property and Financial Affairs LPA is already in place.
Send us the most recent registered copy if it is relevant to the care arrangements.
Start the process
You can find the official forms and guidance here:
You can also find the official LPA forms here:
Important: This guide covers LPAs used in England and Wales. The process is different in Scotland and Northern Ireland.