Is my existing EPA still valid?
Yes, even after the introduction of LPAs, any EPAs created before 1 October 2007 still continue to be valid powers of attorney.
However, the LPA has a number of advantages over the EPA. Whether these would be advantageous to you is likely to depend upon your situation and what you wish to accomplish with your power of attorney. Even so, you should consider whether your existing arrangements are still fit for your purposes; your circumstances may have changed since you created your EPA.
You cannot create an LPA if you do not have the ‘mental capacity’ to do so at the time (see boxout below). This means, if you have any interest in creating an LPA, or replacing an EPA with an LPA, you should explore your options sooner rather than later. Otherwise, you may miss the opportunity to create an LPA.