
Is a LPA the same as a Will?
Transcript below.
Is a Lasting Power of Attorney (LPA) the same as a Will?
Good question.
Well, a Will is dealing with your estate. When you pass away, that's when a Will actually comes into force. It's designed to deal with your estate and give instructions, if you like, to your executors as to what you want to happen to your estate when you pass away.
A Lasting Power of Attorney (LPA) is a legal document that is put in place that if during your lifetime you were incapacitated, either through illness or through injury, that would allow some attorneys that you have selected to make decisions for you on your behalf if you were incapacitated.
So a Lasting Power of Attorney (LPA) is used when you're alive.
If, for example, you had LPAs, Lasting Power of Attorneys (LPA), and you had a Will, and you're very lucky, no illness, no accident before you passed away, then the LPAs are just void. They just become obsolete at that time.