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The video tutorial from the "Lasting Power of Attorney UK Care Guide" introduces the concept of lasting power of attorney (LPA). LPA is a legal directive that allows you to appoint someone (an attorney) to make decisions on your behalf if you lose mental capacity in the future. There are two types of LPA: one for property and financial affairs and another for health and welfare. You can choose to appoint an attorney for one or both types. The property and financial affairs LPA enables the nominated person to handle financial responsibilities such as banking, paying bills, and managing other financial matters.