An LPA is a legal document that allows you (the donor) to give one or more people (attorneys) the power to act on your behalf, continuing into, or only at such a time that you are no longer able to make decisions.
There are two types of LPA:
- A property and financial affairs LPA, and
- A health and welfare LPA.
To allow someone to manage your account with Nationwide, you would need to have a property and financial affairs LPA in place.
You must have the mental capacity to make your own decisions when the LPA is set up, and you can continue to manage your money either independently, or alongside the attorney, until such a time that mental capacity may be lost.