Is this correct?

Biggles

This link has all the information, Lisyloo, and the forms can be downloaded free of charge.
http://www.guardianship.gov.uk/theservice/enduringpower.htm

While the donor(s) has 'mental capacity', they are, effectively, still making the decisions but empowering you to act on their behalf. Once they become unable to take decisions, you would then register the EPA and take the necessary decisions yourself.

If you think either of your parents may lose mental capacity in the foreseeable future, it would be very advisable to get them to sign an EPA now; if you wait till one has lost mental capacity, it isn't possible to get them to sign an EPA and you have to go through the Court of Protection instead - now that would be expensive!

As Loulou says, the Lasting Power of Attorney comes into force in, I think, October but if you get an EPA signed now it will continue in force indefinitely.

loulou41

Biggles, this is indeed very good advice for anybody who wants to set up an EPA before October. Going to set one for each member of the family before LPA law is enforced.