My Mum has mild dementia and is able to continue with day-to-day activities at the moment. She is taking Donepezil.
I live with my Mum, and the property belongs to Mum. In 2001, Mum signed the documents to set up an Enduring Power of Attorney with my father and sister as the attorneys. As I have ME/Chronic Fatigue I was not registered as an attorney.
I still have ME/CFS but am my Mum's main carer. My father died earlier this year, so my sister is the sole attorney now.
We are trying to decide whether to annul the EPA and set-up an LPA with my sister and myself as joint and several attorneys. This will cost us a lot in legal fees I believe. Our solicitor advises this route. However, my Mum's consultant - whose opinion we trust - suggested that the EPA is perfectly adequate.
My question is: should we retain the EPA (I totally trust my sister and any decisions in the future will be joint anyway, even if my sister is the sole attorney for legal purposes) or should we set-up an LPA instead. What are the pros and cons of each, given that I help to sort out Mum's bills, house repairs and day-to-day things already?
An additional factor is that Mum's EPA was set-up when she was totally healthy, whereas the LPA would be set-up now that she has a diagnosis of Alzheimer's. Could this be an important consideration?
Thanks in advance for your help and support.