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Free LPA Property & Finance Template

A lasting power of attorney for property and financial affairs lets you appoint a trusted person to manage your money, property, bills, and investments in the UK — either now with your consent, or in the future if you lose mental capacity. This template is designed for use in England and Wales under the Mental Capacity Act 2005.

Create Your LPA - Property & Financial Affairs
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LASTING POWER OF ATTORNEY
Property And Financial Affairs  ·  Mental Capacity Act 2005 Ss.9–14  ·  LPA Regulations 2007 (SI 2007/1253)
DONOR
FULL NAMEMargaret Rose Thornton
ADDRESS42 Elm Avenue, Leeds LS1 4HB
DATE OF BIRTH1948-03-12
PHONE0113 244 5566
PRIMARY ATTORNEY
FULL NAMEJames William Thornton
ADDRESS17 Oak Street, Sheffield S1 2GH
DATE OF BIRTH1976-08-04
RELATIONSHIP TO DONORSon
SECOND ATTORNEY
FULL NAMEClaire Alexandra Thornton
ADDRESS8 Park Road, York YO1 6AB
DATE OF BIRTH1979-11-21
RELATIONSHIP TO DONORDaughter
DECISION MODEJointly and severally
LPA Date: 2026-03-09
Effective only on loss of capacity
This LASTING POWER OF ATTORNEY FOR PROPERTY AND FINANCIAL AFFAIRS is granted on 2026-03-09 by Margaret Rose Thornton of 42 Elm Avenue, Leeds LS1 4HB (the "Donor") pursuant to sections 9 to 14 and Schedule 1 of the Mental Capacity Act 2005 and the Lasting Powers of Attorney, Enduring Powers of Attorney and Public Guardian Regulations 2007 (SI 2007/1253). The Donor confirms that, at the date of signing, the Donor has the mental capacity to make this LPA and understands its purpose, scope and the consequences of executing it. This LPA has no legal effect until it has been registered with the Office of the Public Guardian ("OPG").
1.
APPOINTMENT OF ATTORNEY(S)
The Donor hereby appoints James William Thornton, of 17 Oak Street, Sheffield S1 2GH (Son) as attorney to act in relation to the Donor’s property and financial affairs under section 9 of the Mental Capacity Act 2005. The Donor also appoints Claire Alexandra Thornton, of 8 Park Road, York YO1 6AB (Daughter) as a second attorney. The attorneys shall act jointly and severally, meaning they may act together or independently on any matter.
2.
WHEN THE ATTORNEY(S) MAY ACT
The authority conferred by this LPA shall be exercisable only when, and to the extent that, the Donor lacks mental capacity (as defined in section 2 of the Mental Capacity Act 2005) to make the relevant decision. Capacity is to be assessed in accordance with the two-stage test in sections 2 and 3 of the Mental Capacity Act 2005 and the MCA 2005 Code of Practice (chapters 3 and 4). Where the "only when capacity is lost" option is selected, each attorney must assess capacity decision by decision, and document the assessment where reasonably practicable.
3.
SCOPE OF AUTHORITY
The attorney(s) have general authority under section 9 of the Mental Capacity Act 2005 to make decisions about and manage all of the Donor’s property and financial affairs. Without limitation, this includes: operating bank and building society accounts; collecting pensions, benefits and other income; paying household bills, tax and other liabilities; buying, selling, letting, mortgaging and otherwise dealing with real property; making and managing investments (subject to the Trustee Act 2000 general duty of care); dealing with shares, ISAs, bonds and other financial instruments; claiming and pursuing debts due to the Donor; and dealing with HM Revenue and Customs and HM Courts and Tribunals Service on the Donor’s behalf.
4.
GIFTS (MCA 2005 S.12)
The attorney(s) may make only customary gifts permitted by section 12 of the Mental Capacity Act 2005: (a) gifts on customary occasions (birthdays, weddings, civil partnerships, anniversaries) to persons related to or connected with the Donor; and (b) gifts to charities the Donor might have been expected to make. Any gift must be reasonable in size, having regard to the Donor’s circumstances and estate. Anything beyond these limits requires a Court of Protection order.
5.
DONOR'S BEST INTERESTS (MCA 2005 S.4)
The attorney(s) must at all times act in the Donor’s best interests in accordance with section 4 of the Mental Capacity Act 2005. In making any decision, the attorney(s) must: (a) consider all the relevant circumstances; (b) take into account the Donor’s past and present wishes, feelings, beliefs and values; (c) take account of any written statement made by the Donor when they had capacity; (d) consult, so far as reasonably practicable, anyone named by the Donor, any carer, any relevant deputy, and the replacement attorney(s); and (e) not make assumptions based merely on the Donor’s age, appearance or condition. The attorney(s) must act in accordance with the principles in section 1 of that Act and chapter 7 of the MCA 2005 Code of Practice.
6.
STATUTORY DUTIES OF THE ATTORNEY(S)
Each attorney must: (a) keep the Donor’s money and property separate from their own; (b) keep accurate accounts and records of decisions, receipts and expenditure on behalf of the Donor, and produce them on request to the OPG; (c) exercise reasonable care and skill, applying the Trustee Act 2000 general duty of care where the attorney acts as trustee of the Donor’s investments; (d) not benefit personally from the appointment except to the extent permitted by the MCA 2005 or expressly authorised by this LPA; and (e) not delegate their authority save as permitted by section 7 of the Powers of Attorney Act 1971 and section 11(7)(a) of the MCA 2005.
7.
REPLACEMENT ATTORNEY
The Donor appoints Sophie Margaret Thornton, of 3 Birch Lane, Manchester M1 2AB (Daughter-in-law), DOB 1982-05-18 as replacement attorney, to step in if any original attorney is unable or unwilling to act (for example, through death, loss of capacity, bankruptcy, dissolution of marriage or civil partnership with the Donor, or disclaimer). The appointment of a replacement attorney takes effect automatically on the occurrence of the triggering event and does not require a new LPA to be registered, provided the OPG is notified under Part 2 of the LPA Regulations 2007.
8.
CERTIFICATE PROVIDER (MCA 2005 SCH 1 PARA 2)
Dr. Anne Whitfield, of 15 High Street, Leeds LS1 1AB (General Practitioner, GMC 7012345) has signed Part B of the prescribed form, certifying that, in their opinion: (a) the Donor understands the purpose and scope of this LPA and its consequences; (b) no fraud or undue pressure is being used to induce the Donor to make this LPA; and (c) there is nothing else that would prevent this LPA from being created. The certificate provider is a person acting in a professional capacity with the relevant skills (for example, a solicitor, GP, registered social worker or psychiatrist) and who is not a family member of the Donor or of any attorney. The certificate provider is independent of the attorneys, is not a family member of the Donor or attorneys, is not an employee or business partner of any attorney, and is not themselves an attorney under this or any other LPA of the Donor.
9.
INSTRUCTIONS AND PREFERENCES
Instructions (binding on the attorney(s)): My attorneys must consult my GP before selling my home at 42 Elm Avenue.
Preferences (non-binding guidance): I would prefer to retain my investment ISAs at Vanguard and not switch provider unnecessarily.
10.
NOTIFICATION PERSONS (LPA REGULATIONS 2007)
Before this LPA is registered, the OPG shall notify the following persons using Form LP3, in accordance with Schedule 1 paragraph 6 of the Mental Capacity Act 2005 and the LPA Regulations 2007: Sarah Jane Thornton (daughter), 55 Cherry Tree Close, Leeds LS8 3PQ. Each such person has three (3) weeks from receipt of the notice in which to object to the registration on a prescribed ground (Form LP3 / LPA007).
11.
REGISTRATION WITH THE OFFICE OF THE PUBLIC GUARDIAN
This LPA has no legal effect until it has been registered by the OPG under Schedule 1, Part 2 of the Mental Capacity Act 2005 and Part 2 of the LPA Regulations 2007. An application to register must be made using Form LP1F or online via the OPG digital service. The current registration fee is 82 GBP per LPA (with a fee exemption or remission available in accordance with OPG Form LPA120 in cases of low income or means-tested benefits). The OPG enters the registered LPA on the statutory register maintained under section 58(1)(b) of the MCA 2005; searches may be made against the register using Form OPG100.
12.
REVOCATION
The Donor may revoke this LPA at any time while they have capacity to do so, by executing a deed of revocation and notifying the OPG and each attorney in writing (MCA 2005 s.13 and Sch 1 paras 17-18). A registered LPA that has been revoked remains on the statutory register until the OPG removes it on notification of revocation. Bankruptcy of the Donor, divorce or dissolution of the Donor’s marriage or civil partnership with an attorney, death of an attorney, and loss of capacity by an attorney each have effects on the LPA as set out in sections 13 and 22 of the MCA 2005.
13.
GOVERNING LAW
This LPA is made under the laws of England and Wales pursuant to the Mental Capacity Act 2005 and the LPA Regulations 2007 (SI 2007/1253). Any dispute as to the validity, scope or exercise of this LPA shall be determined by the Court of Protection under section 16 of the Mental Capacity Act 2005. Nothing in this LPA prevents any person with standing from applying to the Court of Protection for directions, an order, or the appointment of a deputy.
DONOR
Margaret Rose Thornton
Date: ____________________
PRIMARY ATTORNEY
James William Thornton
Date: ____________________
SECOND ATTORNEY
Claire Alexandra Thornton
Date: ____________________
REPLACEMENT ATTORNEY
Sophie Margaret Thornton
Date: ____________________
CERTIFICATE PROVIDER
Dr. Anne Whitfield
Date: ____________________
WITNESS TO DONOR'S SIGNATURE
Robert James Calloway
Date: ____________________

What Is an LPA for Property and Financial Affairs?

A lasting power of attorney (LPA) for property and financial affairs is a legal document that allows you (the "donor") to appoint one or more people (your "attorneys") to make decisions about your finances, property, and related matters.

Unlike the health and welfare LPA, a property and finance LPA can be used while you still have mental capacity — provided you consent. This makes it useful for practical situations such as managing affairs while you are abroad, recovering from illness, or simply as a contingency plan.

The LPA must be registered with the UK Office of the Public Guardian (OPG) before it can be used. Once registered, your attorneys can handle British bank accounts, pay bills, manage investments, sell property, and deal with tax affairs on your behalf, subject to any restrictions you include under United Kingdom law.

What's Covered in This Template

Our property and finance LPA template includes all the sections required by the OPG:

Donor Details

Your full name, date of birth, and address.

Attorney Appointments

Details of the person or people you wish to appoint as attorneys.

Replacement Attorneys

Backup attorneys who can step in if a primary attorney is unable to act.

Joint or Joint and Several

Whether attorneys must agree on all decisions or can act independently.

When Attorneys Can Act

Whether attorneys can act immediately (with your consent) or only when you lack capacity.

Preferences

Non-binding guidance for your attorneys about how you want your finances managed.

Instructions

Binding restrictions — for example, limiting the types of transactions attorneys can make.

Certificate Provider

An independent person who confirms you understand the LPA and are not under pressure.

People to Notify

Individuals the OPG will contact when the LPA is submitted for registration.

Signature Sections

All required signatures from the donor, attorneys, replacement attorneys, and certificate provider.

How to Create an LPA for Property and Financial Affairs

Follow these steps to create and register your property and finance LPA:

  1. 1

    Choose Your Attorneys

    Select people you trust with your finances. They must be 18 or over, have mental capacity, and must not be bankrupt (bankrupts cannot act as property and finance attorneys).

  2. 2

    Set Decision-Making Authority

    Decide whether attorneys act jointly, jointly and severally, or jointly for some decisions and severally for others. Choose whether they can act while you have capacity or only when you lose it.

  3. 3

    Add Preferences and Instructions

    Include any guidance (preferences) or binding conditions (instructions) about how your finances should be managed — for example, keeping your home, maintaining charitable donations, or limiting investment risk.

  4. 4

    Arrange a Certificate Provider

    An independent person such as a solicitor, doctor, or someone who has known you well for two or more years must certify that you understand the LPA and are making it freely.

  5. 5

    Register with the OPG

    Submit the LPA to the Office of the Public Guardian with the registration fee. Registration takes several weeks. The LPA cannot be used until it is registered.

Legal Considerations

Property and finance LPAs are governed by the Mental Capacity Act 2005 and regulated by the Office of the Public Guardian.

This template is for informational purposes only and does not constitute legal advice. Consult a qualified solicitor for advice specific to your situation.

Reviewed for England & Wales law

Mental Capacity Act 2005

The statutory framework for UK LPAs is found in sections 9–14 of the Mental Capacity Act 2005. Attorneys must act in the donor's best interests (when the donor lacks capacity) and follow the Act's principles, including the presumption of capacity and supporting the donor to make their own decisions where possible under English law.

Bankruptcy Restriction

Under United Kingdom law, a person who is bankrupt or subject to a debt relief order cannot act as an attorney for property and financial affairs. If an existing attorney becomes bankrupt, they are automatically removed by the OPG. This restriction does not apply to health and welfare attorneys.

Duty to Keep Accounts

UK attorneys have a duty to keep the donor's money and property separate from their own and to maintain accurate records. The British OPG can require attorneys to provide reports and accounts, and can investigate concerns about an attorney's conduct.

Gifts and Transactions

Under English law, attorneys may only make gifts on customary occasions (birthdays, Christmas, etc.) and the gifts must be reasonable in value relative to the donor's estate. Any transaction that benefits the attorney personally requires approval from the UK Court of Protection unless specifically authorised in the LPA instructions.

Frequently Asked Questions

Protect Your Financial Affairs

Create your property and finance LPA today. Fill in the template, download your document, and register it with the OPG.

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