A Lasting Power of Attorney is a legal document that allows you to leave directions about how your assets can be used, how you are cared for and who would have the power to make decisions about your affairs in the event that you are no longer able to make these decisions for yourself.
Having a Lasting Power of Attorney in place provides you and your loved ones with the added security of knowing that your loved ones will be able to make decisions concerning your assets, your property and your welfare if you were not able to do so yourself due to old age, illness or injury.
A Lasting Power of Attorney will allow you the opportunity to provide instructions on what should happen to your money, your property, where you live and how you are cared for.
Without a Lasting Power of Attorney, your family and friends may find it difficult and even stressful to manage your affairs, particularly if they may not know what your preferences or wishes are.
Our fees for helping you prepare the relevant document and providing any advice about them are:
The above is inclusive of VAT.
The Office of Public Guardian (OPG) will charge a fee of £82 per LPA. This fee is payable directly to the OPG.
Lanka Bandara, Head of Private Client at Comptons Solicitors explains why a Lasting Power of Attorney (LPA) may need updating in the UK under certain circumstances.
Writing Wills and Estate Planning may seem to some, something to get round to in the future. But rather alarmingly, a recent IRN Wills and Probate Research Report, titled UK Wills & Probate Market 2020: Consumer Research Report*, has found that fewer than 4 in 10 adults in the UK have made a Will, despite owning a property.
A Lasting Power of Attorney (also known as an LPA) is a legal document that can be used to appoint someone else to make decisions about your own assets, health and welfare.