LPA financial decisions & signatories

cardiogirl

I am setting up LPA finance & health for both of my parents who are in their 80s. They would like each other plus me & my 4 siblings to be appointed as attorneys jointly & severally. Although I (and my parents) trust all my siblings, would it be prudent & possible to set up a rule that some decisions eg the sale of their house require at least 2 or three of the 5 if us to sign? They don't wish to make any decisions "joint" due to the risk that not all of us are in the country at the same time or if the spouse should die which would not allow a joint decision to be made.

DairyQueen

Yes, the LPA can include this kind of caveat. However, be very careful how this is worded as the law of unintended consequences could apply.

We had a solicitor check the relevant sections of our LPAs.