Now it’s cheaper to register Lasting Powers of Attorney
The process of registering Lasting Powers of Attorney (LPA) is now cheaper and simpler.
The cost of registration has been reduced from £150 to £120 and the forms and accompanying documentation now use plainer language.
LPAs have proved very popular since they replaced the old Enduring Powers of Attorney (EPA) in 2007 because they offer more choice to people who want to prepare for a time when they may lose some of their mental capacity.
The property and finance LPA allows you to appoint someone to look after your financial affairs if you become physically or mentally incapable of doing so yourself - or if you spend time abroad and would like someone to manage your affairs.
The personal welfare LPA lets you grant an attorney authority over such matters as health care and the kind of medical treatment you receive but cannot be used until you become mentally incapable.
The Office of the Public Guardian needs to register LPAs before they can be used. Registration is followed by a 42-day statutory waiting period to allow interested parties to raise objections to the registration. This waiting period is one of the safeguards built into the process to ensure that the LPA has been drawn up properly and is not fraudulent.
People who have registered LPAs say it provides peace of mind to know that arrangements are in place to protect their interests should they lose the capacity to do so themselves as they get older.
By Alison Playle - solicitor in the Wills and Probate Department at Andersons Solicitors she can be contacted on 0115 947 0641 or by emailing: aplayle@andersonssolicitors.co.uk
Labels: Andersons, East Midlands, Experts, Nottingham, probate, Solicitors, Will
