Lasting Powers of Attorney (LPAs) are used to appoint people you trust to look after your affairs on your behalf. They are not normally used immediately but are ready and available should you later lose capacity to look after your affairs.
We recommend that our clients draw up Lasting Powers of Attorney even if they are in good health. It is best to set them up before they are needed. If it is left until someone can no longer look after their own affairs the process is far more complex and expensive.
LPAs allow you to choose people to act on your behalf (as attorneys) and make decisions about your property and financial affairs or health and welfare when you are unable to make decisions for yourself.
The forms are quite long and complex to complete, and involve a number of people. They have to be signed by the person making the LPA (called the donor), his or her attorneys, a certificate provider, who certifies that the donor understands the purpose of the LPA and the scope of the authority conferred under it; and a further person has to be notified that the donor is making the LPA.
There are two types of Power of Attorney – one for Health and Welfare, the other for Property and Financial affairs. Normally people make both.
What does a Lasting Power of Attorney cost?
We will agree a fee with you before you instruct us. The following are examples of our charges:
£350 for one LPA (Health and Welfare or Property and Finance) £100 for the second LPA for the same person if the same Attorney(s) are appointed.
The fee for couples seen together are £550 for one LPA each (Health and Welfare or Property and Finance) or £750 for both.
All our charges are not subject to VAT.
In addition the Office of the Public Guardian charges a fee of £130 per LPA.
PLEASE CONTACT US ON 01271 828728 IF YOU REQUIRE A LASTING POWER OF ATTORNEY