If some day you are no longer able to look after your own financial affairs, due to factors like illness, accident or the onset of dementia, a lasting power of attorney (LPA) will give that power to another person, called your 'attorney'. Once the power comes into effect, your attorney (or attorneys) will have the legal authority to act on your behalf in property and financial matters.
You will need to register your LPA with the Office of the Public Guardian, who will charge a fee for this. It is usually a good idea to do this straight away or soon after, and if you do then you will only need the first of the 2 documents in this pack: 'LP1F Lasting power of attorney for property and financial affairs'. If however you want to delay registering it, you will also need to use the second document when you eventually want to register: 'LP1F Registration sections'.
In either case, you may also need form 'LP3 Notice of intention to register a lasting power of attorney', which is available separately.
These documents can only be used in England or Wales.