The short answer to this question is “Yes”, but below we will explain why in a little more detail, showing why both play a significant role in how your property is handled and explaining how you can make an LPA online.
A will contrasted with an LPA
These instruments both give someone the right to manage your affairs but come into effect at different times. A will has an executor charged with carrying out your wishes after death. They cannot act during your lifetime, but are responsible for assets until they are distributed from the date of death. People often assume that because they have appointed an executor, they do not need an LPA, but that is not the case.
An LPA is active during your lifetime but ends on death, and so there is no overlap with your will. In an LPA, you can appoint more than one person to act as attorneys who can work under a financial and property LPA or a health and welfare LPA. You need both LPAs in place if you wish attorneys to make decisions in both areas.
Why it is essential to have a will and an LPA
Having both means your affairs can be managed whilst you are alive and after death. If you wish to make an LPA online, there are a range of professional services now available.
Create an LPA asap as you never know what could happen next. The LPA means if you are incapacitated important decisions can be made by a trusted attorney.